Business cycle refers to :: fluctuations in the level of economic growth due to either domestic or international factors.
Measured by increases in GDP
Gross Domestic Product (GDP) is :: the total market value of all final goods and services produced in an economy over a period of time.
China is currently in an economic downturn (the point after a boom where growth begins to decline), (NOT A RECESSION)
International business cycle:
International business cycle refers to :: fluctuations in the level of economic activity in the global economy over time.
Factors that affect International business cycles:
Trade flows
Investment flows
Transnational corporations
Financial flows
Financial market and confidence
Global interest-rate levels - Monetary policy conditions in individual economies are influenced by interest-rate changes in other countries
Commodity prices - The prices of key commodities are set by global markets, their prices influence inflation, investment, employment, growth and other features of the international business cycle.
International organisations
Regional business cycles:
Regional business cycles are :: the fluctuations in the level of economic activity in a geographical region of the global economy over time.
refers to the changes in economic activity in a particular region.
