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 classic literature ?
I mention this peaceful spot with all possible laud for it is in such little retired Dutch valleys, found here and there embosomed in the great State of New York, that population, manners, and customs remain fixed, while the great torrent of migration and improvement, which is making such incessant changes in other parts of this restless country, sweeps by them unobserved.
It seems that, many years before, a young man had migrated from the valley and settled at a distant seaport, where, after getting together a little money, he had set up as a shopkeeper.
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 that occasion I have been told that a considerable detachment of sailors and marines from the frigate Essex, accompanied by at least two thousand warriors of Happar and Nukuheva, landed in boats and canoes at the head of the bay, and after penetrating a little distance into the valley, met with the stoutest resistance from its inmates.
Many of the people ate to such excess as to render themselves sick, others were lame from their past journey; but all gradually recruited in the repose and abundance of the valley.
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.
Once we passed far above what seemed to be a deep canyon-like rift stretching from the ice wall on the north across the valley as far as the eye could reach.
Many large and fierce bears roam in the Valley of Voe, and when they can catch any of us they eat us up; but as they cannot see us, we seldom get caught.
For an hour the little expedition rested upon the mountain-top, and then Tarzan led them down into the valley below.
Also, there is too much Ward Valley out to suit our present plans.
The women they carried away with them to the Big Valley.
The country was wooded everywhere except at the bottom of the valley to the northward, where there was a small natural meadow, through which flowed a stream scarcely visible from the valley's rim.