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Meaning of L-shaped recession | Babel Free

Noun CEFR B2

Definitions

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.

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

L-spine L-system l-vocalization l-word L-xylulokinase L.