
Business Cycle Review – Impact of COVID on GDP
The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (GDP) and other macroeconomic variables.
A business cycle is typically characterized by four phases -recession, recovery, growth, and decline that repeat themselves over time.
The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (GDP) and other macroeconomic variables.
A business cycle is typically characterized by four phases -recession, recovery, growth, and decline that repeat themselves over time.
Business cycle review uses a ZACCI proprietary tool that measures real gross domestic product fluctuations in the economic environment to predict short and medium term economic and business trends. It simply expresses fluctuations on the state of economic activity in one figure (index) of real gross domestic product polynomial residuals.
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