What is the term used for the phase of economics in which there is extensive growth following a significant recession?

The term "recovery" is used to describe the phase of economics that occurs after a significant recession when the economy starts to improve and grow again. This period is characterized by an increase in consumer confidence, spending, and investment, leading to job creation and an overall boost in economic productivity. During recovery, businesses often begin to see increased demand for goods and services, which can further stimulate growth and lead the economy back towards its previous levels of output and employment.

In this context, while terms like "rebound," "resurgence," and "expansion" may seem similar, they do not specifically capture the post-recession nature of the recovery phase. "Rebound" typically implies an immediate bounce back rather than a gradual reestablishment of economic stability. "Resurgence" often refers to a general revival without necessarily being tied to the aftermath of a recession. "Expansion" describes a phase of economic growth that can occur at any time, not specifically following a recession. Therefore, "recovery" accurately encapsulates the process of rebuilding and growth that takes place after a significant economic downturn.