Both men say that while Disney can look forward to a cyclical recovery, as a mature business it cannot be expected to achieve consistently strong growth.

But skeptics say that despite a cyclical recovery, the parks are unlikely to achieve rapid growth.

The American economy appears to be in a cyclical recovery that is gaining strength.

The industry, to be sure, is not uniform, and some companies are poised to benefit more than others from a cyclical recovery.

Sweden's recent boom is in part a cyclical recovery from back-to-back recessions.

He said the industry has been depressed for so long that a cyclical recovery can be expected.

Analysts said Dow's results underscored the cyclical recovery throughout the chemical industry.

"The cyclical recovery appears to be under way sooner than anticipated."

And the recession of 1989-92 has weakened the city's finances in ways that no cyclical recovery seems likely to mend.

The issue in the reports is whether what we are witnessing is a cyclical recovery or a more substantial economic movement.