Economic Boom

An economic boom, popularly referred to simply as a “boom”, is a prosperous phase of a national economy. During a boom, demand for goods and services is high, employment goes up, and both salaries and prices climb.

Economic booms are normally acompanied by increased sales and investment, leading to gains in stock market rates.

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Expert Benjamin Manz
Benjamin Manz is an expert on banking and financial topics at moneyland.ch.

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