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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 ?
Future plans include placement of IPA-staffed computer terminals in clinical settings and expanding our neighborhood outreach to targeted locations in north and west Philadelphia.
To support people with terminal illnesses and their families in the Newmarket area by expanding a day program and launching an art therapy program for bereaved children.
The killing of the Kirkland Lake Adams Mine project by Natural Resources Minister David Ramsay, Gauvreau says, has allowed local farmers to consider re-investing and expanding their farms, something they were reluctant to do when they were not sure about the effects of the garbage proposal.
5C, 16C and 3J collet-style expanding collet systems mount directly into the collet angle of the spindle with instant centering.
"This is a prime example of IHG Latin America's ability to continue expanding and diversifying the Holiday Inn portfolio in the region using the 'hub and spoke' strategy," says Baruki.
We start with the premise that only substantial and rapidly expanding trade and investment can generate sustainable economic growth on the scale needed to lift entire nations out of misery.
Edge expanders are a low-cost way of expanding SAS architecture, and are used in much the same way as the traditional SCSI expanders (see Figure 2).
The NSCAA is here for you, and "Expanding Horizons" means that you can expect to find a NSCAA presence in even more nooks and crannies.
For "sophisticated" SMBs with a high need for individualization and industry-specific functionality, SAP is globally expanding its existing strategy of offering industry-specific SMB solutions.
The Federal Reserve Board approved on October 17, 2001, comprehensive revisions to Regulation K (International Banking Operations) expanding permissible activities abroad for U.S.
Seeking to keep his promise to give states more flexibility while expanding health insurance coverage to low-income people, President George W.