L-shaped recession

noun

A severe economic downturn followed by little to no recovery, where output drops sharply and then remains flat at low levels for an extended period.

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Meanings

nounL-shaped recession (plural L-shaped recessions)

plural L-shaped recessions

  1. economicsA severe economic downturn followed by little to no recovery, where output drops sharply and then remains flat at low levels for an extended period.
Cite this entry
APA

L-shaped recession. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/L-shaped%20recession

MLA

“L-shaped recession.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/L-shaped%20recession. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “L-shaped recession,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/L-shaped%20recession.

Source: L-shaped recession on Wiktionary, CC BY-SA 4.0.