L-shaped recessions

A form of L-shaped recession — 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

noun
  1. pluralplural of L-shaped recession
Cite this entry
APA

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

MLA

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

Chicago

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

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