Peak

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Peak

The high point at the end of an economic expansion until the start of a contraction.

Peak

1. The point of a security's or market's highest price for a given period of time. The term comes from charting, in which the x-axis represents time and the y-axis represents price. On a chart, the high point of a business cycle looks like the peak of a mountain. See also: Bottom.

2. In a period of economic expansion, the point of the highest GDP growth that immediately precedes the beginning of a contraction. In other words, it is the highest point in a business cycle. The term comes from charting, in which the x-axis represents time and the y-axis represents GDP growth. In this situation, the high point of a business cycle looks like the peak of a mountain. See also: Trough.

peak

see BUSINESS CYCLE.
References in classic literature ?
With him rode the King of Majorca, the hostage King of Navarre, and the fierce Don Pedro of Spain, whose pale blue eyes gleamed with a sinister light as they rested once more upon the distant peaks of the land which had disowned him.
The broken and rugged road had wound along the crests of low hills, with wooded ridges on either side of it over which peeped the loftier mountains, the distant Peak of the South and the vast Altabisca, which towered high above them and cast its black shadow from left to right across the valley.
I looked at the last rays crowning the peak, and the shadows mounting by degrees up its slopes.
I have come three thousand miles, and am resolved to set my foot on every peak of these mountains, and poke my head into every chasm, for the sole purpose of demonstrating to the satisfaction of any man one whit less an ass than thyself that the Great Carbuncle is all a humbug
But soon they were to be hidden from her eye Densely and dark the mists began to gather below, casting black spots of shadow on the vast landscape, and sailing heavily to one centre, as if the loftiest mountain peak had summoned a council of its kindred clouds.
He knew already that his old friend wanted his grand-nephew to learn all he could of the subject in hand, and so had during his journey from the Peak put his thoughts in sequence for narration and explanation.
That very night a telegram was sent from the station of Long's Peak by Joseph T.
One single hypothesis of the observers of Long's Peak could ever be realized, that which foresaw the case of the travelers (if still alive) uniting their efforts with the lunar attraction to attain the surface of the disc.
Now, it is of no use, Peak,' said Sir John, raising his hand in deprecation of his delivering any message; 'I am not at home.
Oblige me with some more chocolate, Peak, and don't wait.
The real issue, they say, is when will the planet reach the peak of oil production, after which a slow decline will inevitably clash with demand that grows at two percent per year.