business cycle
noun[C]
ukus(alsoeconomic cycle);(alsotrade cycle)ECONOMICS,FINANCE
aperiodduring which a country'seconomygoes fromgrowthtorecession(= atimewhenbusinessconditionsarebad)and back togrowth:
Thetypicalbusinesscycleis three to fiveyears.
Wehopetomaintainabudgetsurplusrightthrough thepresentdownturnin thebusinesscycle.