Expansion

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Related to expansionary: Expansionary Fiscal Policy

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 ?
Growth prospects could become more constrained after 2019 given narrowing room for expansionary policies and lacklustre private investment.
Caption: FIG 2 New orders and production both experienced strong expansionary trends, starting in the fourth quarter of 2016, and have continued to expand month after month at these elevated levels through April.
Economists have repeatedly explained that, in an economy such as Romania, a pro-cyclical fiscal policy in the expansionary phase is almost doomed to remain pro-cyclical during the downturn as well, deepening unemployment.
The government will justify it by saying that it is using expansionary policy to ensure that GDP growth targets are met and the rising growth rate does not falter and fall again.
'For achieving a sustainable high economic growth rate, a little expansionary fiscal policy is required for next fiscal year,' said Adviser to PM on Finance Dr Miftah Ismail while talking to media.
She stressed the importance of continuing to implement expansionary policies to stimulate the growth of private investment and its impact on GDP, which she believes ensures more sustainable growth.
Expansionary policy supported by non-oil revenue growth and PIF, NDF spending:
Looking ahead, we expect the oil price to be range bound (with downward bias) from the current levels, while expect Saudi market participants to increase focus on infrastructure-driven sectors as it is expected to be one of the major beneficiaries of any expansionary budget - well-reflected in $19.2 billion announced stimulus last week.
In 2016, two shocks - a prolonged drought and a sharp decline in SACU receipts - severely hit the economy, while an expansionary fiscal policy worsened fiscal and external balances.
These expansionary policies will be weakened by a higher federal funds rate.
In a research note titled 'EM (emerging market) hit by Trump Tantrum' on Friday, Citigroup said boosted by expectations of a rotation in the US policy mix - with expansionary fiscal policy likely taking over from monetary policy - the 10-year US dollar Treasury yields had risen in less than 48 hours by 45 basis points while the US dollar strengthened by 3 percent over the same period.
The document states that "the 2017 budget is an expansionary budget," particularly as its volume has increased by 12% in 2016 to 32.58 billion dinars in 2017 against 29.150 billion dinars in 2016.