boom


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Boom

A period of rapid, strong economic and/or stock growth. For example, some developing countries post GDP growth of 10-12% per year, especially after they have liberalized their economic policies. Likewise, some stocks may become suddenly very popular, resulting in a boom. The dot-com bubble is one of the most famous examples of a stock boom. The problem with booms is that the growth is rarely sustainable, as investors become more and more speculative and take needless risks. Thus, most booms ultimately result in busts. Many economists believe the boom-and-bust cycle is an inevitable part of doing business, while others believe that government regulation can limit both booms and busts.

boom

see BUSINESS CYCLE.

boom

a phase of the BUSINESS CYCLE characterized by FULL EMPLOYMENT levels of output (ACTUAL GROSS NATIONAL PRODUCT) and some upward pressure on the general PRICE LEVEL (see INFLATIONARY GAP). Boom conditions are dependent on there being a high level of AGGREGATE DEMAND, which may come about autonomously or be induced by expansionary FISCAL POLICY and MONETARY POLICY. See DEMAND MANAGEMENT.
References in periodicals archive ?
In 2018, the global boom truck market was valued at approximately USD 1,378.3 million, which is projected to witness ~5.4% CAGR during the forecast period (2018-2024).
Boom is employing an objective site selection process, evaluating all location factors that will influence operational success.
The name 'Boom Boom' was testament to his reputation as a hired gun.
Adding to the production of the articulating Z-45 XC boom lift, the new Genie S-65 XC boom lift is the first telescopic XC model to be manufactured at the brand's factory in Umbertide, Italy -- the Genie 'Boom Centre of Excellence' for the EMEAR region, dedicated to the production of the boom lifts that are popular with customer the region and are equipped with options they prefer.
James Liang, Co-founder and Executive Chairman of Ctrip, added: "As a leading innovator in the commercial aviation industry, Boom will be positioned to provide exciting premium global flight options for Ctrip users and Ctrip is making a strategic investment in the next generation of travel.
Boom Supersonic (Boom) on Monday confirmed its inaugural appearance at the Dubai Airshow.
Earlier this year, Boom debuted its supersonic passenger airliner, slated to enter service in 2023, to audiences in the Middle East.
En "Una narrativa sin territorio", prologo a su significativo Desvios, Ignacio Echevarria considera que, comparados con los autores del boom, los nuevos que obtienen cierto exito "suelen ser de un calibre notablemente inferior, aparte de no entranar sus libros novedad alguna digna de ser destacada".
It includes the new Genie mini XChassis axle design, a platform load sensing system and a simple 2-point calibration process to set up the primary boom, secondary boom and jib bell crank in as little as 15 minutes.
Due to the fact that vibration is very important in the dynamics and kinematics analysis of the concrete pump boom, a rigid-flexible method is adopted in this paper to establish an accurate model of the boom.
Cruising at Mach 2.2 (1,451 mph), the company said Boom jets are 10 percent faster than Concorde and 2.6 times faster than other airliners.
Vertical oscillations of the spray boom caused by irregularities on the terrain alter the distance between each nozzle and the target, and distort the distribution.