Which period marks a significant growth in economic performance avoiding recession?

The period from 2009 to 2010 is notable for a significant recovery in economic performance following the global financial crisis of 2007-2008. During this time, many economies that had previously been in recession began to stabilize and show signs of growth, largely due to fiscal stimulus measures and monetary policies aimed at revitalizing the economy.

After facing severe contractions during the recession, countries implemented recovery strategies which included government spending to boost demand and lower interest rates to encourage borrowing and investment. As these policies took effect, indicators such as GDP growth rates began to improve, marking a transition out of the recessionary environment that characterized the preceding years.

This recovery period is critical in understanding the post-crisis economic landscape as it set the stage for further growth in the following years. In contrast, the years immediately prior and some following did not show the same level of recovery or were still heavily impacted by the effects of the recession.