Expansion

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Expansion

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

Expansion

In a business cycle, a period of growth during which an economy moves from its trough to its peak. For example, if an economy dips to growth of -2.5% and then recovers to 3% growth, this period is called expansion. It is considered a normal and inevitable part of a business cycle following a recession or other contraction. Expansion is also called recovery.
References in periodicals archive ?
The Razorback XT is a solid gilding-metal bullet with a hollowpoint designed for delayed expansion.
0, as mining giant BHP Billiton delayed expansion of its massive Olympic Dam copper and uranium mine after posting a near 35 percent slump in annual net profit.
Gas projects in the west and north have been cancelled or suspended due to violence, while major oil and gas companies have delayed expansion projects and evacuated non-essential staff.
Despite the sharp downturn in Chinese demand for bulk and base metals, strong demand for fertilizers, delayed expansion projects and announced plant closures led to a strong year for phosphate producers, the report further said.
Our nation suffers from an infrastructure deficit of deferred maintenance, deferred modernization, and delayed expansion that fails to accommodate increased population and impedes economic activity.