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 ?
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.
Hemmed in by these stupendous barriers, the valley would be altogether shut out from the rest of the world, were it not that it is accessible from the sea at one end, and by a narrow defile at the other.
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.
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.
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.
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.
In that case," said the man, "it will be best for you to cross our Valley and mount the spiral staircase inside the Pyramid Mountain.
Ward Valley will jump so that it won't be feasible to buy after that.