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English definition of “boom”

boom

noun [C or U]
 
 
/buːm/ ECONOMICS, FINANCE
a period of increased economic activity and growth: A decade of market-oriented reforms has touched off an economic boom. The country as a whole will suffer the economic cost of the abrupt end of a decade-long boom.fuel/create/cause a boom The country's radical tax system is helping fuel a boom that rivals Asia's tiger economies.experience/enjoy/undergo a boom The construction industry experienced a boom in the years following the war. boom in sth The boom in internet share prices has fuelled a huge growth in stock market values around the world.property/housing/building boom During the housing boom, lenders issued loans in record amounts.dotcom/internet/technology boom The dot.com boom generated $18 billion in stock options and capital gains taxes for the state. stock market/investment/price boom consumer/spending boom
→ See also baby boom → Compare bust noun
(Definition of boom noun from the Cambridge Business English Dictionary © Cambridge University Press)
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