What does trough mean in statistics?
“The stage of the business or market cycle from the end of a period of growth (peak) into declining activity and contraction until it hits its ultimate cyclical bottom (trough).” “This is the change in a data measure – e.g., an asset price or economic statistic – from its highest point to its lowest point.
What is a trough in real GDP?
In economics, a trough is a low turning point or a local minimum of a business cycle. The period of the business cycle in which real GDP is increasing is called the expansion, in which the real GDP moves from the trough towards the peak.
What causes a trough economics?
An economy is only said to boom when economic indicators or metrics are rising. This is usually after a period of decline or recession. Troughs are as a result of declining employment rate, high unemployment, low GDP, low wages and other indicators.
What is called trough?
low point is called the trough. The distance between successive crests or troughs is called the wavelength. The height of a wave is the amplitude.
What does Troph mean?
Troph- and -troph are combining forms used for various senses relating to nourishment and nutrition—how organisms get their food and energy. They ultimately come from the Greek trophḗ, meaning “nourishment, food.”
What are trough characteristics?
The primary characteristic of a trough is that it is a region with relatively lower heights. Height is a primary function of the average temperature of the air below that height surface. The density of air changes with temperature.
Is the US in a trough?
The committee has determined that a trough in monthly economic activity occurred in the US economy in April 2020. The previous peak in economic activity occurred in February 2020. The recession lasted two months, which makes it the shortest US recession on record.
What is a trophy girl?
/ˌtroʊ.fi ˈɡɝːl.frend/ uk. /ˌtrəʊ.fi ˈɡɜːl.frend/ a young, attractive woman who is the girlfriend of a rich and successful older person and who acts as a symbol of the person’s social position: Not all men look for the younger trophy girlfriend. They drive around in their fancy cars with their trophy girlfriends.
What is an economic trough?
An economic trough occurs after an expansion. Troughs are a regular part of the business cycle. As an economy expands and its GDP grows, it will eventually reach a peak. The economy will then begin to contract as it slides down the backside of the peak and goes into recession.
What is the meaning of a trough in business cycle?
Trough – definition and meaning. A trough, in economics, is the point in the business cycle between the end of a recession and the transition to accelerating GDP (gross domestic product) growth. Economists say that the business cycle goes through four main stages: 1. Expansion. 2. Peak. 3. Contraction. 4. Trough.
What does trough mean in English?
English Language Learners Definition of trough. : a long, shallow container from which animals (such as cows, pigs, horses, etc.) eat or drink. : a period in which there is little economic activity and prices are usually low. : a long, low area between waves or hills.
What is a peak-to-trough recession?
Trough – definition and meaning. The GPD’s peak-to-trough decline during a recession is the total output shrinkage from the point where the recession started to when the economy begins expanding again. The term ‘peak-to-trough’ is sometimes used for house prices, industrial output, commercial property, and other sectors of the economy.