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Thrives, as will many in good economic periods (6)

Ross

I believe the answer is:

blooms

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'periods' is the definition.
(bloom is a kind of period)

I don't understand the rest of the clue.

Can you help me to learn more?

(Other definitions for blooms that I've seen before include "comes out" , "Flourishes" , "Flowers" , "Develops" .)

I've seen this clue in the Evening Standard.
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