Arendustsüklis

Arendustsüklis refers to the economic cycle, a recurring pattern of expansion and contraction in economic activity. This cycle is characterized by several phases, including peak, recession, trough, and recovery. During the expansion phase, economic indicators like GDP, employment, and consumer spending tend to rise. This period is often marked by increasing investment and business confidence.

The peak represents the highest point of economic activity within the cycle, after which a downturn begins. A recession is defined as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. During a recession, unemployment typically increases, and demand for goods and services decreases.

Following the recession, the economy enters the trough, which is the lowest point of economic activity. This is followed by the recovery phase, where economic indicators begin to improve again. Employment starts to rise, and businesses may resume investment. The recovery leads back into expansion, completing the cycle.

The duration and intensity of each phase can vary significantly. Factors influencing the business cycle include changes in consumer confidence, government fiscal and monetary policies, technological advancements, and external shocks. Understanding the arendustsüklis is crucial for policymakers, businesses, and individuals to make informed decisions regarding economic strategies and investments.