(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.
For editors and proofreaders
Line breaks: boom and bust
Definition of boom and bust in:
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.