Usually means: Rapid growth followed by decline.
Definitions Related words Mentions
We found 9 dictionaries that define the word boom and bust:

General (9 matching dictionaries)
  1. boom-and-bust: Merriam-Webster
  2. boom and bust: Collins English Dictionary
  3. boom-and-bust, boom and bust: Wiktionary
  4. boom-and-bust: Infoplease Dictionary
  5. boom-and-bust, boom and bust: Dictionary.com
  6. Boom-and-bust, Boom and bust: Wikipedia, the Free Encyclopedia
  7. boom and bust: Longman Dictionary of Contemporary English

Definitions from Wiktionary (boom and bust)

noun:  (economics, finance, business) A pattern of high prices in a given market or in the entire economy followed by ruinously low prices, falling production, and bankruptcies by producers; prosperity followed by recession.

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