boom


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

Boom

A period of rapid, strong economic and/or stock growth. For example, some developing countries post GDP growth of 10-12% per year, especially after they have liberalized their economic policies. Likewise, some stocks may become suddenly very popular, resulting in a boom. The dot-com bubble is one of the most famous examples of a stock boom. The problem with booms is that the growth is rarely sustainable, as investors become more and more speculative and take needless risks. Thus, most booms ultimately result in busts. Many economists believe the boom-and-bust cycle is an inevitable part of doing business, while others believe that government regulation can limit both booms and busts.

boom

see BUSINESS CYCLE.

boom

a phase of the BUSINESS CYCLE characterized by FULL EMPLOYMENT levels of output (ACTUAL GROSS NATIONAL PRODUCT) and some upward pressure on the general PRICE LEVEL (see INFLATIONARY GAP). Boom conditions are dependent on there being a high level of AGGREGATE DEMAND, which may come about autonomously or be induced by expansionary FISCAL POLICY and MONETARY POLICY. See DEMAND MANAGEMENT.
References in periodicals archive ?
Following the success of the Globus campaign, Sonic Boom clients are lining up to coordinate their own Calorie Cloud challenges -- with goals of saving hundreds of additional lives.
The report forecasts the position of the Boom Lifts market over the period 2014-2019 along with a market trend analysis.
Sarens' client, ENERCON, had requested a Terex CC 9800 lattice boom crane, but the unit was not available at the time due to the crane firm's heavy workload.
The new Low-Profile Sprocket addresses all of these concerns and is available in either greasable or sealed models on compact equipment booms for trenching depths of 18 to 48 inches.
The acquisition is in line with the ambitious growth strategy set out when Boom Pictures was founded by Ms Heggessey and Huw Eurig Davies, with backing from LDC, last year.
CABLES AND BOOM The cables were then installed between the guy rods and the lattice boom to provide additional guying for the luffing jib.
to the Dubai Misdemeanor Court where they will be prosecuted for swindling and embezzling Al Boom and his lawyer.
On May 22, Florida Governor Charlie Crist sent a letter to Homeland Security Secretary Janet Napolitano requesting more boom stating, "First, Florida must acquire adequate amounts of containment boom needed to protect our shores, beaches and estuaries.
We are honoured to support the creation of pilots for TV, Film or the Web that will become excellent programming for the small and big screens" shared Joan Vogelesang, President and Chief Executive Officer at Toon Boom.
Four low-boom and two normal-intensity-boom missions are scheduled, with up to six sonic booms on each mission.
AgGPS[R] EZ-Boom[TM] 2010 provides both application flow control and automatic boom section control that integrates with the Trimble AgGPS[R] EZ-Guide Plus[TM] and/or Field Manager[TM] display.
It's just me babbling," Alexander said when asked if he saw any sort of thread running from his earliest recordings made in the '60s with The Lost to his work with The Boom Boom Band in the '70s that earned him the title of Boston's godfather of punk, to the guitarless music he eventually made with The Persistence of Memory Orchestra, and on into the new material he cooked up with a reconvened Boom Boom Band.