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 ?
Over the past few years, small-business owners have had to shift their focus from long-term planning to more immediate concerns--reduced capital expenditures and workforce, delayed expansion plans, etc.--in order to ride out the economic downturn.
It will lead to the promised and often delayed expansion of Fujairah port facilities and refining capacity.
Summary: It has been reported that HSBC chief Michael Geoghegan has delayed expansion plans because of concerns over a second downturn.
HSBC boss Michael Geoghegan has delayed expansion plans because of concerns over a second downturn, it was reported yesterday.
said it has delayed expansion of a gasoline refinery in Detroit "due to current market conditions."