boom
noun [ C or U ]
ECONOMICS, FINANCE uk/buːm/ usa period of increased economic activity and growth:
A decade of market-oriented reforms has touched off an economic boom.
The country as a whole will suffer the economic cost of the abrupt end of a decade-long boom.
fuel/create/cause a boom The country's radical tax system is helping fuel a boom that rivals Asia's tiger economies.
experience/enjoy/undergo a boom The construction industry experienced a boom in the years following the war.
boom in sth The boom in internet share prices has fuelled a huge growth in stock market values around the world.
property/housing/building boom During the housing boom, lenders issued loans in record amounts.
dotcom/internet/technology boom The dot.com boom generated $18 billion in stock options and capital gains taxes for the state.
stock market/investment/price boom
consumer/spending boom
See also
baby boom
Compare
bust noun
boom
verb [ I ]
ECONOMICS, FINANCE uk/buːm/ usto experience an increase in economic activity, interest, or growth:
Small businesses have boomed, since the government passed a new law making it easier to set them up.
Business is booming, producing increased earnings.
With the economy booming, opportunities have never been better for entrepreneurs.
See also
boom and bust