Expansion

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Expansion

Phase of the business cycle as it climbs from a trough toward a peak.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The ESA2 had a similar curve, but at a 4% additive level rather than the 2.5% of ESAL The older generation ESA with more history of antiveining performance had intermediate initial expansion between silica sand with no additive and with ESA1 and ESA2, and relative little contraction, followed by secondary expansion. It is believed this secondary expansion indicates the transformation of the silica from beta quartz to tridymite.
The amount of sodium silicate binder did not change the peak expansion in any of the sand samples, and they all exhibited a secondary expansion at 2,020-2,040F (1,104-1,116C).
Nearly all the secondary expansions within the prophetic literature `are concerned for the future, and fall accordingly into the broad category of eschatology' (p.