A business cycle is the time period for the recurring fluctuations in economic exercise. The enlargement stage refers to that interval of optimistic GDP development after the financial contraction.
As of January 2014, the final expansion was decided to have commenced in June 2009, the interval when the Great Recession of 2007-09 reached its trough (technically, that recession started in December 2007).
While economists’ views differ on this subject, there is a clear sample of excessive speculative exercise evident in the latter stages of growth in many business cycles.
See: Interest rate cycle High rates of interest in 1991-92 had been a significant factor within the recession of that yr.