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 ?
Once a public official has knowledge of a proposed business expansion, there is a high probability that the news will break publicly.
"Agfa's new five-year lease features flexible lease terms and square footage, while the sale provides proceeds for capital expenses needed for future business expansions."
However, amid the sector's optimistic outlook, a higher proportion (63 percent) will invest in business expansions compared to 51 percent in Q3, 2014.

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