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 ?
One of the main insights about the human capital success of the already developed Asian countries is the notion of closely linking secondary expansion with primary expansion.
If the sand mix shows little contraction, or even a secondary expansion following the alpha-beta expansion, veining seems to be well controlled.
In a paper (CD4+ T Cells Are Required for Secondary Expansion and Memory in CD8+ T Lymphocytes, Nature, February 2003) published today in the scientific journal Nature, Stephen P.