economic cycle

Alternating phases of growth and recession in the evolution of an economy. They are defined as cyclical fluctuations in economic activity in which an expansion phase is followed by a contraction, expansion again and so on.

Some economists distinguish further within these cycles being its 4 phases: crisis, depression, recovery and boom. It is important to emphasis the effects of bubbles throughout this cycle, for more information look at bubble.

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Economic Cycle

Economic Cycle

GDP and the economic cycle

GDP and the economic cycle

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