Expansion

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Expansion

Phase of the business cycle as it climbs from a trough toward a peak.

Expansion

In a business cycle, a period of growth during which an economy moves from its trough to its peak. For example, if an economy dips to growth of -2.5% and then recovers to 3% growth, this period is called expansion. It is considered a normal and inevitable part of a business cycle following a recession or other contraction. Expansion is also called recovery.
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Business expansion in Los Angeles County was down slightly in 2003, a favorable outcome given the weakened state of the economy and dearth of hiring at local companies, according to a Los Angeles Economic Development Corp.
s report on the five-county region released Wednesday shows there were 329 major business expansions in 2002, down from 390 a year earlier, with a total value of $2 billion - a drop of 27.
Southern California experienced a modest increase in the number of major business expansions in 2001 - even with a recession and the Sept.

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