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Expansion
(redirected from Gas expansion)

   Also found in: Medical, Encyclopedia, Wikipedia, Hutchinson 0.07 sec.
Expansion
The phase of the business cycle when the economy moves from a trough to a peak. It is a period when business activity surges and gross domestic product expands until it reaches a peak. Also known as an "economic recovery".

Notes:
An expansion is one of two basic business cycle phases. The other is contraction. The transition from expansion to contraction is termed a "peak" and the changeover from contraction to expansion is a trough. Expansions last on average about three to four years but have been known to last anywhere from 12 months to more than 10 years. Much of the '60s was a time of expansion which lasted almost nine years.


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


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? Mentioned in ? References in periodicals archive
 
Gasco) has set a tentative deadline of July 9 for the submission of commercial bids for the $250-300m EPC contract covering the first phase of the proposed Habshan gas expansion project, following approval from the Supreme Petroleum Council (SPC) to proceed with the bidding process.
In 1990, Fluor Daniel announced another contract with this same client for a comprehensive oil and gas expansion program to be developed over the next five to nine years.
Furthermore, they also demonstrated the existence of optimally loaded black-FKM and HNBR compounds which exhibited both the greatest resistance to gas expansion combined with the highest strain energy or fracture toughness.
 
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