Economic growth close to the long run trend rate of growth (in the UK this is about 2.4% a year)
Low inflation
Balanced between different sectors of the economy e.g. both export and domestic consumption should be rising ...
Even if the econometrician estimates its trend rate of growth, he still finds that it varies around that trend-that is, is volatile.
Economists have two more precise definitions of a recession. The first, which can be hard to prove, is when an economy is growing at less than its long-term trend rate of growth and has spare CAPACITY.
 See also: Long run, Cycles, Current account, Economic cycle
  
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