Business, Legal & Accounting Glossary
A period of general economic decline. Contractions are often part of a business cycle, coming after an expansionary phase and before a recession.
The contraction period was hard on us all, but we were all very glad that it was finally coming to an end.
My company decided to lower its expenses and not hire as many people because we feared the economy was not growing and was in a period of contraction.
building permits
economic cycle
irrational exuberance
Institute For Supply Management (ISM)
boom and bust cycle
economic contraction
contraction risk
contractionary monetary policy
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This glossary post was last updated: 23rd October, 2021 | 0 Views.