Meaning of boom and bust | Babel Free

Definitions

A pattern of high prices in a given market or in the entire economy followed by ruinously low prices, falling production, and bankruptcies by producers; prosperity followed by recession.

Examples

“The reason⟳ such comments provoke scepticism is because Brown's mantra during his 10 years at the Treasury was that his prudence as chancellor of the exchequer would ensure there would never be a return⟳ to “boom and bust” economics.”

“Boom and bust is a long-running theme with rail suppliers. [...] I sympathise with those complaining of the ill-effects of boom and bust. [...] If boom and bust has been going on for decades (and it has), then perhaps it's an enduring characteristic and one that companies must work⟳ with, saving cash in the good times to see⟳ them through the bad.”

CEFR level