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 ?
5-kmlong troughed belt conveyor in the Chinese province of Sichuan, which was put into operation in 2008 and currently conveys about 2,200 tons of limestone from the quarry to the cement plant.
The NAREIT index troughed in 2008 and then began a monotonic increase through 2012.
Anecdotal evidence from the European suppliers indicates that European production levels troughed in the second quarter and have now begun to improve," Goldman Sachs analyst Stefan Burgstaller told investors in a July 4 note.
The cycle in nominal private sector credit growth lasted just over nine years which we date from April 2001 to September 2010 when growth troughed at -0.
However, with several central banks in the middle of aggressive easing policies and with the global economy likely to have troughed during 2012, growth is expected to pick up heading into the second half of 2013.
Only the expensive eats 'n' treats are troughed by this vulture who regularly shrieks "Eeeh take all these away from me, ahve ney willpower ye knaa.
Before the global financial crash, the KOSPI traded as high as 13 times earnings and troughed at 8X in the 2009 credit crunch.
She added the hospital had put her dad on the Liverpool Care Pathway (although this was unequivocally denied by doctors) and that is why her dad's condition has peaked and troughed from good to bad as they put him on and off the pathway.
Fitch said that the upbeat PMI reading suggests that growth may have troughed.
Van Persie often proved to be Arsenal's match winner during a season which peaked and troughed both domestically and in Europe.
However, there are indications that the capex cycle has troughed and a new capex cycle will begin in 2012-13 and 2013-14.
Domestic production peaked at 85,000 barrels per day in 1991 and troughed at 44,000 bpd in 2006 before recovering somewhat to 53,000 bpd as of 2009.