Trough

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Trough

The transition point between economic recession and recovery.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

trough

see BUSINESS CYCLE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in classic literature ?
Occasionally in the spring, great masses of this detritus slide down the mountains, and cover the snow-drifts in the valleys, thus forming natural ice-houses.
I will make only one other geological remark: although the Portillo chain is here higher than the Peuquenes, the waters draining the intermediate valleys, have burst through it.
The narrow valley, with its steep and close adjoining sides draperied with vines, and arched overhead with a fret-work of interlacing boughs, nearly hidden from view by masses of leafy verdure, seemed from where I stood like an immense arbour disclosing its vista to the eye, whilst as I advanced it insensibly widened into the loveliest vale eye ever beheld.
He remained in the valley about two hours, during which time he had a ceremonious interview with the king.
About this time there went a rumor throughout the valley, that the great man, foretold from ages long ago, who was to bear a resemblance to the Great Stone Face, had appeared at last.
Gathergold had become so very rich that it would have taken him a hundred years only to count his wealth, he bethought himself of his native valley, and resolved to go back thither, and end his days where he was born.
It was not the expression of the valley's consciousness that beautiful Tess had arrived, but the ordinary announcement of milking-time--half-past four o'clock, when the dairymen set about getting in the cows.
Those that would stand still of their own will were milked in the middle of the yard, where many of such better behaved ones stood waiting now--all prime milchers, such as were seldom seen out of this valley, and not always within it; nourished by the succulent feed which the water-meads supplied at this prime season of the year.
The captain was convinced, however, that the stream was too insignificant to drain so wide a valley and the adjacent mountains: he encamped, therefore, at an early hour, on its borders, that he might take the whole of the next day to reach the main river; which he presumed to flow between him and the distant range of western hills.
On the 26th of July, he commenced his march at an early hour, making directly across the valley, toward the hills in the west; proceeding at as brisk a rate as the jaded condition of his horses would permit.
"The Valley of Voe is certainly a charming place," resumed the Wizard; "but we cannot be contented in any other land than our own, for long.
Ward Valley will jump so that it won't be feasible to buy after that."

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