What is the phrase used to indicate when the economy is beginning to recover?

The phrase that indicates when the economy is beginning to recover is "Recovery." This term specifically refers to the phase in the economic cycle following a recession, where there is a resurgence in economic activity, growth in GDP, an increase in employment, and a general boost in consumer and business confidence. During recovery, economic indicators start to improve, often leading towards expansion.

While terms like recession describe a period of economic decline, expansion refers to a more robust phase following recovery, where economic growth is strong and sustainable. Stabilization implies a state where the economy has steadied after a period of volatility but may not necessarily indicate a recovery phase. Thus, recovery is the most appropriate term to describe the initial signs of an economy bouncing back from downturn.