Trough

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Trough

The transition point between economic recession and recovery.

Trough

In a recession, the point of the most negative GDP growth that immediately precedes the beginning of recovery. In other words, it is the lowest 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 low point of a business cycle looks like a trough or pit. A trough is also called a valley. See also: Peak.

trough

see BUSINESS CYCLE.
References in classic literature ?
The whole neighborhood abounds with local tales, haunted spots, and twilight superstitions; stars shoot and meteors glare oftener across the valley than in any other part of the country, and the nightmare, with her whole ninefold, seems to make it the favorite scene of her gambols.
He left the valley and went on his wandering way again.
And travellers now within that valley, Through the red-litten windows, see Vast forms that move fantastically To a discordant melody; While, like a rapid ghastly river, Through the pale door, A hideous throng rush out forever, And laugh--but smile no more.
It was to the west of these mountains, in the valley of the Seeds-ke-dee Agie, or Green River, that Captain Bonneville intended to make a halt for the purpose of giving repose to his people and his horses after their weary journeying; and of collecting information as to his future course.
Besides this bay the shores of the island are indented by several other extensive inlets, into which descend broad and verdant valleys.
They kept along the valley for twenty-one miles on the 29th, suffering much from a continued fall of snow and rain, and being twice obliged to ford the icy stream.
Wanderers in that happy valley, Through two luminous windows, saw Spirits moving musically, To a lute's well-tuned law, Round about a throne where, sitting(Porphyrogene) In state his glory well befitting, The ruler of the realm was seen.
Because of the safety in the Sea Valley, which was because of the wall and the watchers and the guards, and because there was food in plenty for all without having to fight for it, many families came in from the coast valleys on both sides and from the high back mountains where they had lived more like wild animals than men.
These little animals swarm amongst the thickets in th valleys, where they cannot for months together taste a dro of water excepting the dew.
I'm willing to take your word for it that there's a Copan valley in Honduras.
I was thankful when the morning light appeared, and when I judged by the silence that the serpents had retreated to their dens I came tremblingly out of my cave and wandered up and down the valley once more, kicking the diamonds contemptuously out of my path, for I felt that they were indeed vain things to a man in my situation.
There was the broad arch of the forehead, a hundred feet in height; the nose, with its long bridge; and the vast lips, which, if they could have spoken, would have rolled their thunder accents from one end of the valley to the other.