A rolling recession, or rolling adjustment recession, occurs when the
recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various ...
only affects certain sectors of the economy at a time. As one sector enters recovery, the slowdown will ‘roll’ into another part of the economy. On the whole, rolling recessions occur regardless of nationwide or statewide economic recession, and the effects may not be in the national economic measures (e.g.,
gross domestic product
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is oft ...
(GDP)). The
recession of 1960–61 in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
is an example of a rolling-adjustment recession.
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See also
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Recession shapes
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List of recessions in the United States
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List of recessions in the United Kingdom
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom and all other EU member states, a recession is generally defined as two successive quarter ...
References
{{United States – Commonwealth of Nations recessions
Recessions