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He also analyses the cohorts that followed the boom: the 'baby bust' (a period from 1967 to 1979 when relatively few babies were born) and the 'baby boom echo' (from 1980 to the present - the children of the baby boomers).
What is a 'Boom And Bust Cycle'. A boom and bust cycle is a process of economic expansion and contraction that occurs repeatedly. The boom and bust cycle is a key characteristic of todayâs capitalist economies. During the boom the economy grows, jobs are plentiful and the market brings high returns to investors.