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An economic expansion is an increase in the level of economic activity, and of the goods and services available. It is a period of economic growth as measured ...
This expansion coincided with the Korean War, after which the Federal Reserve initiated more restrictive monetary policy. The slowdown in economic activity led to the recession of 1953, bringing an end to nearly four years of expansion. May 1954– Aug 1957 39 +2.5% +4.0%: Expansion resumed following a return to growth in May 1954.
The economic growth rate is typically calculated as real Gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth. The "rate" of economic growth refers to the geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents ...
Business cycles are a type of fluctuation found in the aggregate economic activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, contractions, and revivals which merge into the expansion ...
On this day in economic and financial history... President Bill Clinton's economic team made its bid to be among the most historically incorrect economic forecasters in history on Feb. 11, 2000.
Daphne Greenwood and Richard Holt distinguish economic development from economic growth on the basis that economic development is a "broadly based and sustainable increase in the overall standard of living for individuals within a community", and measures of growth such as per capita income do not necessarily correlate with improvements in ...
By Howard Schneider. WASHINGTON (Reuters) - It took a stock market crash, a housing crash and a pandemic to kill the last three U.S. economic expansions.
The massive forces fueling the economic expansion. Sam Ro. July 9, 2023 at 12:28 PM. A version of this post first appeared on TKer.co. Stocks closed lower last week with the S&P 500 shedding 1.1% ...