| 单词 | cyclical |
| 释义 | cyclical cyclical /; / adjective, noun
■ adjective
COUNTERCYCLICAL
(Economics ; Finance )
1 that follows a regular pattern of success and failure, increase and decrease, etc: History has shown that economic markets are cyclical. the cyclical demand for steel products a cyclical downturn (= period of difficulty) in the advertising industry
a cyclical downturn/peak/recovery
2 easily affected by the success or failure of the general economy: Improved economic conditions have benefitted cyclical stocks. cyclical unemployment ⇨ DEFENSIVE
cyclical shares/stocks a cyclical company/industry
■ noun [usually pl.]
(Finance ) an investment whose value is easily affected by the success or failure of the general economy: Consumer cyclicals, like technology and industrial stocks, offer good value for investors right now. ⇨ DEFENSIVE |
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