单词 | L-shaped recovery |
释义 | L-shaped recoveryDefinition Economic data charted on a graph where the line has the shape of an "L." It measures an economic recession where one of the legs of the "L" represents a sharp downturn followed by flat sluggish economic recovery which is represented by the other leg of the "L. Japan's "Lost Decade" is a perfect example of an "L-shaped" recovery. |
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