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 ?
Canadian Superior Energy's greatest downfall was inadequate financing, which delayed expansion and hindered growth.
That delayed expansion counts against future job growth.
Enhanced embryo compaction or delayed expansion would reduce strain on the filaments of the zona and appear as zona thickening at the c.
But it is now battling a difficult economic environment in northern New England, digesting a recent acquisition and wrestling with a delayed expansion into the Albany, N.
Despite operating cost concerns, few see delayed expansion (22%), layoffs (11%), lease renegotiations (7%) or store closings (1%) as a top priority to reduce expenses.