Definition: Growth cycle
OECD - Business tendency surveys
Growth cycles are recurrent fluctuations in the series of deviations from trend. Growth cycle contractions include slowdowns as well as absolute declines in activity, whereas business cycle contractions include only absolute declines (recessions).
Source:
Organization for Economic Cooperation and Development (OECD), "Business Tendency Surveys - A Handbook", OECD, Paris, 2003
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