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 ?
One source of this boomlet was Rouhani's involvement in a past, successful effort at improving Saudi-Iranian relations.
Locals give this boomlet four or five years before the town faces decline, unless Kinsley's boosterism is justified.
The conclusions from these data: While Gore is well positioned as a third-choice candidate should both Clinton and Obama falter in the months ahead, there is little sign of a major boomlet for his candidacy compared with where he has been in recent times.
But I actually think the boomlet for Obama will help Edwards.
But if the Fed decides it has to give the American economy - more particularly the American housing market - a short, sharp shock, our own nascent export boomlet will be among the casualties.
Anyone with eyes or a subscription to People magazine has noticed there's a baby boomlet on.
The Mexican cable boomlet is more than a decade old, but many buyers still see pay TV as "alternative" and not entirely safe.
German unification then produced a two-year boomlet, with growth accelerating to over 5 percent in 1990 and 1991.
Boomlet (foaled 1920) was a prolific winner under National Hunt Rules and ran against some of the best jumpers of his day.
Beltway denizens were somewhat surprised when, soon after John Kerry officially launched his search for a running mate, a boomlet erupted around vanquished candidate Richard Gephardt.