For instance, in the past year, when many economists would agree that we've been in
an expansionary phase of the cycle (albeit, slow growth), the sectors that performed the best were:
Not exact matches
This is equivalent to saying that the most
expansionary setting reached during the downward
phase of the interest rate
cycle should be maintained until such time as a move to a clearly restrictive setting is required, and only then should a move be made.
Contractions are often part
of a business
cycle, coming after an
expansionary phase and before a recession.
Bull markets are usually associated with an
expansionary phase of the business
cycle.