1. A period of economic growth characterized by increased production, consumption, and investment, typically resulting in higher GDP and employment rates
The country experienced rapid economic expansion during the 1990s.
O país experimentou uma rápida expansão econômica durante a década de 1990.
2. The phase of the business cycle following a recession, marked by rising incomes, lower unemployment, and increased consumer confidence
Economic expansion led to more job opportunities for workers.
A expansão econômica gerou mais oportunidades de emprego para os trabalhadores.