Peak

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Peak

The high point at the end of an economic expansion until the start of a contraction.

Peak

1. The point of a security's or market's highest price for a given period of time. The term comes from charting, in which the x-axis represents time and the y-axis represents price. On a chart, the high point of a business cycle looks like the peak of a mountain. See also: Bottom.

2. In a period of economic expansion, the point of the highest GDP growth that immediately precedes the beginning of a contraction. In other words, it is the highest point in a business cycle. The term comes from charting, in which the x-axis represents time and the y-axis represents GDP growth. In this situation, the high point of a business cycle looks like the peak of a mountain. See also: Trough.

peak

see BUSINESS CYCLE.
References in periodicals archive ?
This is because peaking plants are having difficulty in securing bilateral contracts, or ancillary services, and can only sell through the wholesale electricity market (WESM).
For epidemic nephropathy (Figure, panel B), the curves followed the same pattern only partly, with PDRD searches peaking twice, the major peak occurring earlier than in NIDR, in the latter half of 1995.
Whereas the previous index showed output peaking in September 1990 at 110.6 percent of the level of output in 1987, the revised index shows output reaching a high of 107.1 in April 1989 and then retreating a little until October 1989 (chart 1, top panel).