External link to What can be misleading about the term `business cycle`?
External link to Poland Business Cycle
The term “business cycle” refers to the pattern of alternation between expansions (upturns) and recessions (downturns). The term ‘cycle’ implies a regular pattern; the term ‘business cycle’ therefore connotes a regular pattern of expansions and recessions. This is misleading because, in reality, business cycles follow an irregular pattern and better resemble weather fluctuations. No two business cycles are identical. In fact, the duration of business […]
This Country Focus analyses and interprets the statistical characteristics of the Polish business cycle. It also identifies leading and lagging variables and shows that the economic fluctuations in Poland differ to some extent from those in other emerging and mature economies, with Polish growth notably more volatile and government expenditure highly erratic. The available data on GDP growth suggest that the Polish economy is approaching […]