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GROWTH CYCLES

Statistics Directorate    
Definition:
Growth cycles are recurrent fluctuations in the series of deviations from trend. Thus, growth cycle contractions include slowdowns as well as absolute declines in activity, whereas business cycles contractions includes only absolute declines (recessions). The OECD cyclical indicator system uses the "growth cycle" approach.

Source Publication:
OECD Leading Indicator Website, Glossary.

Cross References:
Business cycles - OECD

Hyperlink:
http://www.oecd.org/std/clits/glossaryforoecdcompositeleadingindicators.htm

Statistical Theme: Short-term economic statistics

Created on Tuesday, September 25, 2001

Last updated on Monday, June 10, 2013