(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
- The world sugar price has always been volatile, boom or bust.
- Asked about boom or bust IT companies, she is scathing about the business practices of some companies.
- This appears to be a continuing situation with the semi-conductor companies, which are continually in a boom or bust position.
Definition of boom and bust in:
- The British & World English dictionary