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Definition of Procyclical
1. Adjective. (economics) Moving in the same direction as the overall state of an economy ¹
2. Adjective. (context: public policy) Magnifying the cyclical fluctuations of an economy. ¹
¹ Source: wiktionary.com
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1. Adjective. (economics) Moving in the same direction as the overall state of an economy ¹
2. Adjective. (context: public policy) Magnifying the cyclical fluctuations of an economy. ¹
¹ Source: wiktionary.com