A recurring cycle of events, the result of each one being to increase the beneficial effect of the next: economic expansion would itself produce a virtuous circle of increased productivity, increased exports, and increased growth
More example sentences
- He said: ‘We need to attract investment to create a virtuous circle in which increased economic activity leads to more investment and so on.’
- But a vicious circle is often just a virtuous circle in disguise. Increasing the flexibility in how we use super savings should make it politically easier to expand.
- Ideally, the environment benefits from virtuous circles in which sustainable economic growth reduces poverty, increases resources available to improve the environment, and is itself reinforced by these trends.