Aufschwung

"Aufschwung" is a German term meaning economic recovery or upswing. It describes a period when the economy improves after a downturn, characterized by increased production, rising employment, and higher consumer confidence. This phase signifies growth and expansion, often driven by factors like investments, innovation, or favorable policies. In essence, an Aufschwung indicates a positive turning point where economic indicators reflect improved wellbeing and activity across businesses and households.