Economic recovery refers to the process by which an economy that has experienced a period of decline or recession begins to grow and improve again. This usually involves measures taken by governments, businesses, and individuals to stimulate economic activity, create jobs, and increase consumer spending. Economic recovery efforts may include fiscal and monetary policies, infrastructure investments, tax incentives, and other strategies aimed at jumpstarting economic growth and restoring confidence in the market. The goal of economic recovery is to return the economy to a state of stability and prosperity following a period of downturn.