economic boom
Rapid financial growth
An economic boom is a period of rapid growth and prosperity—rising employment, increasing production, and expanding wealth.
Booms often follow recessions and may precede busts: The postwar economic boom transformed American suburbs.
The term suggests vigor and suddenness, like the sound it echoes.
- NAFTAContinental free-commerce bloc
- heydayPeriod of peak flourishing
- abundanceAmple supply, overflowing
- roaring twentiesProsperous 1920s period
- wealth creationGenerating lasting financial gains
rising tide · fiscal stimulus · bull market · wage growth · technological innovation · golden age · good times · productivity growth · speculative bubbles · prosperity · business expansion · globalization · supply-side economics · hiring · spending · easy money · infrastructure investment · bubble
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- economyGDP, money, inflation, inflation rate, GNP
- 1920s AmericaCharles Lindbergh, Jazz Age, Spirit of St. Louis, flappers, transatlantic flight
- European Economiesmarket economy, liberalization, planned economy, free market, capitalism
- market movementsup, down, rising, falling, increase
- Postwar AsiaKorean War, Vietnam War, Chinese Revolution, Cultural Revolution, Tiananmen Square
economic boomrecession
Prolonged economic decline
depression · economic downturn · economic collapse · bust · slump
economic boomcrash
Sudden violent impact
stagnation · economic stagnation · market collapse · zero growth · negative growth