Peak

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Related to Peakish: peckish, relentlessly, sobering

Peak

The high point at the end of an economic expansion until the start of a contraction.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Peak

1. The point of a security's or market's highest price for a given period of time. The term comes from charting, in which the x-axis represents time and the y-axis represents price. On a chart, the high point of a business cycle looks like the peak of a mountain. See also: Bottom.

2. In a period of economic expansion, the point of the highest GDP growth that immediately precedes the beginning of a contraction. In other words, it is the highest 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 high point of a business cycle looks like the peak of a mountain. See also: Trough.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

peak

see BUSINESS CYCLE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005