boom-bust cycle
Prosperity then collapse
A boom-bust cycle is a recurring pattern of economic expansion followed by sharp contraction.
During the boom, growth accelerates, employment rises, and optimism drives investment.
The bust brings recession, unemployment, and falling asset prices.
The term applies to entire economies or specific sectors: The oil industry runs on boom-bust cycles.
Also called boom-and-bust.
- recessionProlonged economic decline
- expansionIncrease in scope
- crashSudden violent impact
- housing bubbleUnsustainable property price surge
- bubbleAir-filled film sphere
speculation · irrational exuberance · downturn · inflation · depression · prosperity · stock market · volatility · collapse · hard landing · recovery · overheating · panic · correction · frenzy · roaring twenties · euphoria · contraction
- vicious cyclesdownward spiral, debt spiral, death spiral, shame spiral, feedback loop
- oilfieldscrude oil, drilling rigs, oil wells, pump jacks, pumpjacks
boom-bust cyclesteady growth
Sustained incremental increase
economic stability · stability · equilibrium · steady state · market stability
boom-bust cyclelinear growth
Increase at constant rate
organic growth · steady growth · sustainable growth · soft landing · planned economy
boom, bust, cycle, booms, boomed, booming, busts, busted, busting