The phrase "expansionary phase" refers to a period of growth or increasing economic activity. It means that the economy is getting larger and businesses are doing well, resulting in more jobs, higher incomes, and a general prosperity.
Sentences with «expansionary phase»
This bifurcated scenario is sustainable during expansionary phase of the credit cycle, as economic participants in growth sectors (tech - sector being the present day example) enjoy higher wages, and business expansion can be funded at low costs. (kekselias.com)
Lower potential growth in this cycle, in which case the curve should be flatter than in previous expansionary phases (blackrockblog.com)
However, as the minutes showed, the central bank is confident that «the recovery has now moved into an expansionary phase» with growth picking up and inflation forecasts indicating a return to pre-crisis levels in the short - term. (cnbc.com)