Meaning of “business cycle” in the English Dictionary

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"business cycle" in Business English

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business cyclenoun [ C ]

uk us also economic cycle, also trade cycle

ECONOMICS, FINANCE a period during which a country's economy goes from growth to recession (= a time when business conditions are bad) and back to growth:

The typical business cycle is three to five years.
We hope to maintain a budget surplus right through the present downturn in the business cycle.

(Definition of “business cycle” from the Cambridge Business English Dictionary © Cambridge University Press)