The business cycle refers to the recurrent periods during which a nation's economy moves through phases of recession and recovery. Historical research by economists has identified both short-term and long-term cycles.
Negative equity occurs when the value of an asset falls below the outstanding balance borrowed against it, often seen in property valuations affected by economic downturns.
A V-shaped recovery refers to a sharp rebound in economic activity where the economy experiences a steep decline followed by a rapid and vigorous recovery, typically measured by gross domestic product (GDP) growth.
