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 ?
[11-13] The muscles can be assessed with SWE in resting or in contraction phases. [30] The measurements obtained in the resting phase represents data on the resting tone of a muscle and measurements on the active muscle indirectly propounds information about the usefulness and the contraction effectiveness of the muscle.
The contraction phase implements the merging process and it ensures that the resources are utilised as per the requirements.
The average contraction phase duration of softwood lumber industry cycles overlapping the business cycles (C1, C3, and C4) is 23 months.
Estimating Transition Probabilities by Incorporating Time-Dependence We now estimate time-homogenous average matrices (for boom and contraction phases) using the subsample consisting of firms whose headquarters are located in the considered-advanced European countries in order to gradually incorporate time-dependence.
However, beyond their hypothetical foundations, a bet on the indirect expansionary effects does not seem to be the main motivation of a government that pursues pro-cyclical fiscal policies in the contraction phase. Governments may or may not believe in indirect expansionary effects, but it seems clear that in all cases debt sustainability is the main objective of those policies: the sustainability of both the aggregate external debt of the country and the public debt issued in international currency, in the case of an emerging market economy; and the sustainability of the public debt in the case of an Eurozone economy.
(3.) The main characteristics of real house price cycles from 1970 to the mid-1990s can be summarised as follows: the average cycle lasted about ten years; during the expansion phase of about six years, real house prices increased on average by close to 40%; and in the subsequent contraction phase, which lasted around five years, the average fall in prices was of the order of 25% (Girouard et al., 2006).
housing market now is in the contraction phase of the most pronounced housing cycle since the Great Depression," said Seiders.
One may, to conclude, say that economic sociology is in the contraction phase when it comes to the coordination of our works on markets.
What needs to be emphasized is that the transition of the Greater Lane County residential market to the contraction phase of the real estate cycle has been soft, gradual and orderly, and that there is no evidence to suggest a sudden deterioration.
it (unemployment) will have peaked and the contraction phase will be at an end.
Thus, the input to a contraction phase would have been "tarnsfer," which should have resulted in