boom

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Related to boomlet: baby boomlet

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 ?
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.
Secure rooms: Before the last boomlet withered, my sister and brother-in-law bought a lovely new semidetached townhouse, Israeli-style, with a small, well-planted garden and a beautiful view.
11, 2001, baby boomlet has prompted a handful of bedding companies to develop products especially for babies and expectant mothers.
A nation-wide economic depression soon broke the boomlet.
Turning to businesses, there is no doubt that the financial climate for investment has drastically improved - a necessary condition for an investment boomlet and for enhanced recruitment to turn around the labour market.
The lowest mortgage rates for 50 years, coupled with benign economic conditions and continuing strong demand have re- started the Scottish housing market boomlet.
There's the problem: the spirituality business as a profitable boomlet of books, videos, Web sites, and bumper stickers has been a mixed blessing for thoughtful pastors.
IT'S TOO SOON TO TELL whether the current boomlet in hiring is auguring a period of prosperity for Canadian universities.
In Argentina's wine country, meanwhile, the Santos and Benegas families lead a boomlet of small-scale boutique wineries headed by old-guard winemaking families that sold their original vineyards to international investors.
That sort of isolation was unworkable, and to some extent was eventually moderated by a delayed baby boomlet and the return of the grandmother to the child-rearing fray.
Subcommodified klezmer may be; but success is relative, and the klezmer boomlet has looked inviting to many musicians.