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 ?
Furthermore, say opponents, expansions come in the face of static demand.
The optimum strategy for any expansion is one that is both efficient and cost-effective.
* Wildlife: Expansions of either trail systems or real estate development can fragment habitat vital to bears, mountain sheep and goats, elk, deer, mountain cats, moose, nesting songbirds, or other alpine or forest-dwelling wildlife.
Barring unexpected developments in either consumer credit policies or the wealth or income position of households, we do not believe that current debt levels pose a threat to the continuation of the present economic expansion. However, although balance sheets are sound overall, the trends affecting different household groups have been uneven.
Even with the announced capacity expansions, that amount of projected growth would require over 100% capacity utilization by 1998.
Since banks stopped begging to lend money for expansion, companies have been scrounging for other financing sources for new projects.
The biggest news in investment, though, was in expansions of Arkansas firms.
Using a computer program that analyzes the geographic distribution of DNA differences, Templeton concluded that humans experienced size expansions largely within continents, with periodic contact across continents.
The $45-million expansion and renovation project at the Lakehead airport has been under way for about two months.
Fueled by recession-defying local expansions, significant relocations and the slowing of new sublease availabilities, Westchester County's office market proved remarkably resilient in the third quarter of 2002.
These capacity increases are in addition to the numerous expansions completed last year, most notably the 50% expansion by ITRM, and a 15 million pound expansion by R&S Processing.