Contraction

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Contraction

In a business cycle, the time between the peak and the bottom. That is, a contraction occurs between the end of economic growth and the end of the subsequent recession. Contractions are characterized by layoffs, a decline in GDP, and other negative factors. However, historically, contractions have tended not to last as long as expansions.
References in periodicals archive ?
And once they're swapping tips on Braxton Hicks contractions, nursery colour schemes and clucking, "you don't want to leave it too late...
Braxton Hicks contractions - named after the doctor who first described them in 1872 - are nature's way of preparing the body for childbirth.