- 1a sudden increase in trade and economic activity; a period of wealth and success Living standards improved rapidly during the postwar boom. boom in something a boom in car sales a boom year (for trade, exports, etc.) a property/housing boom a chaotic period of boom and bust Topic CollocationsThe Economymanaging the economy
- handle/run/manage the economy
- boost investment/spending/employment/growth
- stimulate demand/the economy/industry
- cut/reduce investment/spending/borrowing
- reduce/curb/control/keep down inflation
- create/fuel growth/demand/a boom/a bubble
- encourage/foster/promote/stimulate/stifle innovation/competition
- encourage/work with/compete with the private sector
- increase/boost/promote U.S./agricultural exports
- ban/restrict/block cheap/foreign imports
- the economy grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming
- enjoy an economic/housing/property boom
- push up/drive up prices/costs/inflation
- damage/hurt/destroy industry/the economy
- cause/lead to/go into/avoid/escape recession
- experience/suffer a recession/downturn
- fight/combat inflation/deflation/unemployment
- cause/create inflation/poverty/unemployment
- create/burst a housing/stock market bubble
- cause/trigger a stock market crash/the collapse of the banking system
- face/be plunged into a financial/an economic crisis
- be caught in/experience cycles of boom and bust
- cut/reduce/slash/increase/double the defense/education budget
- increase/boost/slash/cut public spending
- increase/raise/cut/lower/reduce taxes
- raise/cut/lower/reduce interest rates
- ease/loosen/tighten monetary policy
- balance the (state/federal) budget
- achieve/maintain a balanced budget
- run a ($4 trillion) budget deficit/surplus
- ⇨ more collocations at
popular period - 2[usually singular] a period when something such as a sport or a type of music suddenly becomes very popular and successful The only way to satisfy the golf boom was to build more courses.
- 3a long pole that the bottom of a sail is attached to and that you move to change the position of the sail sound
- 4[usually singular] a loud, deep sound the distant boom of the guns see sonic boom in river/harbor
- 5a floating barrier that is placed across a river or the entrance to a harbor to prevent ships or other objects from coming in or going out for microphone
- 6a long pole that carries a microphone or other equipment
in business/economy
Check pronunciation: boom