Trough

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Trough

The transition point between economic recession and recovery.

Trough

In a recession, the point of the most negative GDP growth that immediately precedes the beginning of recovery. In other words, it is the lowest 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 low point of a business cycle looks like a trough or pit. A trough is also called a valley. See also: Peak.

trough

see BUSINESS CYCLE.
References in periodicals archive ?
Government employment peaked 15 months after the peak in total nonfarm employment and then troughed 47 months after total nonfarm employment reached its low.
Hepatitis B viral seropositivity peaked among the younger population (less than 20 years' group) at 11.24% and troughed among the older population (above 50 years group) at 0.92%.
Comparing with January 2014, the participation rate is essentially unchanged at 62.85 percent (although it troughed around 62.4 percent in late 2015).
Today, this group is one of the technological leaders for these systems, either as troughed belt conveyors with open design or as pipe conveyors.
As we mentioned last month, inflation likely troughed in October but will stay contained despite some upside risks to food CPI (consumer price index) from El Nino.
The report forecasts relatively healthy sales growth for the next few years to 2019 and indicates that profitability has now fully recovered from the legacy of the recession when income troughed at 60% of current levels.
The momentum had reached deeply oversold levels not seen since the financial crisis, but it had quite clearly troughed in mid-February.
obs.) In the Mann-Musgrave Ranges, the regional geology does not provide suitable sandstone slabs for large milling plates, and as a consequence the more rudimentary tjiwa appears to have been substituted for the troughed form of millstone.
When valuation dispersion has troughed, the tool shifts the portfolio more closely to the index's valuation.
But as fortunes have peaked and troughed, mines, mills and plants have come and gone.