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What does term 'Green shoots' represents in an Economy ?
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- signs of growth of agriculture sector in a growing economy
- signs of economic recovery during an economy downturn.
- signs of growth of agriculture sector in a declining economy.
- Signs of economic decline in a developed economy.
Correct Option: B
Green shoots is a term used colloquially and propagandistically to indicate sings of economic recovery during an economic downturn. It was first used in this sense by Norman Lamont, the then Chancellor of the Exchequer of the United Kingdom, during the 1991 recession.