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economic boom
B2

a period of significant economic growth, characterized by increased production, employment, and consumer spending.

Meanings

a period of significant economic growth, characterized by increased production, employment, and consumer spending.

The country experienced an economic boom after the discovery of oil.

Synonyms

economic expansionprosperitygrowth period

Antonyms

economic recessioneconomic downturndepression

a rapid increase in the value of assets, such as real estate or stocks, often leading to a bubble.

The housing market saw an economic boom, with prices doubling in just a few years.

Synonyms

asset bubblemarket surge

Antonyms

market crashasset deflation

Examples

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Last updated: 2025/01/11 11:51