boom-bust cycle
Plural
boom-bust cycles
1
an economic cycle characterized by periods of rapid economic expansion followed by periods of contraction or recession
- The housing market experienced a classic boom-bust cycle, with prices soaring rapidly before crashing suddenly.
- Economists are concerned that the current boom-bust cycle in technology stocks could lead to another financial crisis.
- Governments and central banks often try to mitigate the effects of the boom-bust cycle through monetary and fiscal policies.
- The oil industry is notorious for its boom-bust cycles, driven by fluctuating global demand and supply.
- During the boom phase of the cycle, companies often expand rapidly, but during the bust, many may face bankruptcy.