boom


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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 ?
The Boom Supersonic team will be at the Dubai Airshow 2017, at booth #1676 in the Dubai Exhibition Hall.
En un articulo de 1988 (recogido en Articulos de incierta necesidad, 1998), Jose Donoso se pregunta si se puede hablar del boom como "nostalgia" y anade: "Nadie discute que el boom de la novela latinoamericana es un tema que produce hastio.
Two of the receivers were allocated on the tips of the spray boom and one was allocated in the center of the displacement axis of the self-propelled sprayer.
The Z-33 features Genie's FastMast boom system that shortens ground-to-top lifting time, as well as long working cycles due to low-consumption AC drive transmission, a tight turning radius for excellent manoeuvrability, and the option of solid non-marking or multi-surface tyres.
The NBT30H-2 has a 30 US t capacity and comes with either a 100 ft or 110 ft four-section boom, the latter of which is the longest in its class.
For its size, the UE Boom feels a little heavy and weighs 538 grams but it's still a good looking and very well-built device.
Unlike some prepaid cards, applicants for a boom account must meet minimal creditworthiness standards, according to Mau.
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.
to the Dubai Misdemeanor Court where they will be prosecuted for swindling and embezzling Al Boom and his lawyer.
Thus, the decision to preempt an asset price boom requires either a lot of additional information beyond the price movements themselves--as yet unidentified in the research to date--to tell policymakers which booms to cut off, or the willingness to cut off many harmless or helpful booms for every harmful bust preempted.
Despite the availability of booms, one month after the spill began, rescue efforts criticized for not using enough boom, for not positioning the material in the right places and for not having it installed as quickly as possible to preserve the coastline.