Trough

(redirected from valley)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Idioms, Encyclopedia, Wikipedia.

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 ?
The valley oak, on Los Angeles Avenue near the Yosemite Veterinary Clinic, is a safety hazard whose limbs have fallen over the years, damaging the clinic.
2007 Modesto Facility Expansion: Central Valley Community Bank will expand into the Modesto market with a loan production office by second quarter 2007.
Mid-Valley beat South Valley 26-6 for the Senior Clinic title.
When we first looked at Broadlane we were impressed by their willingness to provide all of the resources needed to help us rapidly achieve our goals," said James Springfield, chief executive officer at Valley Baptist Health System.
The violence comes as officials say the number of documented gangs in the Valley has ballooned to 80 with about 20,000 members -- up from 70 with about 15,000 members just five years ago.
President and Chief Executive Officer of First Valley Bancorp said, "We believe that this transaction is an excellent opportunity for our stockholders, customers, employees and the communities served by Valley Bank.
But northeast San Fernando Valley residents have clashed with city leaders before over community mitigation money.
San Fernando Valley, adult league play, (818) 765-0284
The international online bidders will be dueling for treasures along with auction attendees in Napa Valley on Friday, June 2, up until 2:45pm PDT.
In response to the revised offer, after careful consideration, including a thorough review of the offer with the Special Committee's independent financial advisor and independent legal counsel, the Special Committee has determined on behalf of the board of directors of New Valley that the revised offer is fair to the holders of New Valley common shares (other than Vector and its affiliates) and will recommend that holders of common shares of New Valley (other than Vector and its affiliates) tender their common shares pursuant to the revised offer.
He was asking about the Valley busway after the two had recently returned from a trip to Curitiba, Brazil, where they were won over by that city's renowned system of mass-transit busways.