What is a Business Cycle? Expansion, Peak, Contraction, and Trough
Peak Frameworks
JUNE 5, 2023
For instance, the US economy saw a sustained expansion from the end of the Great Recession in 2009 until the onset of COVID-19 in 2020. During this period, businesses often expand their operations, capital expenditure increases, and markets tend to perform strongly. GDP decreases, unemployment rates rise, and consumer spending slows.
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