Economic cycles
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The document outlines key vocabulary and grammar for discussing economic cycles, emphasizing terms associated with increases and decreases in economic indicators, such as GDP. It provides specific examples of Guinea's GDP fluctuations from 2005 to 2015, highlighting periods of recession and recovery. Important grammar points focus on the correct use of adjectives and adverbs when describing economic changes.
Economic cycles
- 1. ECONOMIC CYCLES Grammar and Vocab for my SUPmanagement students 5th year
- 2. BASIC VOCABULARY When talking about development of economy, prices, sales or profits, we use the following terms: RISE INCREASE UPTURN RECOVERY EXPANSION GROWTH - BOOM FALL DECREASE DOWNTURN RECESSION CONTRACTION DEPRESSION
- 3. ADJECTIVES TO DESCRIBE RISE/FALL Slow Steady Sharp Dramatic
- 4. GRAMMAR POINT! We say: A sharp fall of economy in 2009 But The economy fell sharply in 2009. !! Always use adjectives with nouns but adverbs with verbs!!! Sharp sharply Dramatic dramatically Steady - steadily
- 5. PEAK AND TROUGH Peak is the highest point of the business cycle Trough is the lowest point of the business cycle
- 6. DESCRIBE THE DEVELOPMENT OF GDP IN GUINEA The Gross Domestic Product (GDP) of Guinea was falling/decreasing/in recession in the years 2005- 2007. There was a downturn/recession/contraction of GDP in Guinea in the years 2005-2007. The GDP reached its peak in 2008. In 2009, Guinea experienced a dramatic fall/depression/downturn and its GDP reached its trough. The year 2010 was a year of recovery and the GDP rose/increased again. We see a steady decrease/downturn/recession of GDP from 2011 to 2012. There was a sharp fall/decrease of GDP in the year 2013 and 2014, before the recovery in 2015. http://www.africaneconomicoutlook.org/fileadmin/uploads/aeo/2015/CN_ data/Cn_Long_FR/Guinee_2015.pdf