(also boom or bust)
A situation in which a period of great prosperity or rapid economic growth is abruptly followed by one of economic decline: he has warned it is a return to boom and bust [as modifier]: the boom and bust business cycle
More example sentences
- No misunderstanding in economic science has done more harm than the role of money and credit in business boom and bust.
- Some dealers say their sales were unaffected by the economic boom and bust.
- In the USA in the 1990s, the capital market made new demands of corporate management as boom and bust in share prices raised issues about the market's influence on macroeconomic trajectory.
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