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has been burgeoning

  • present perfect progressive
    of burgeon (3rd person singular).
    burgeon
    verb (used without object)
    to grow or develop quickly; flourish.

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One reason why regulators have taken their time in grappling with the problem is that it remains hard to be sure why the fail count has been burgeoning and what the precise consequences might be.

From Economist Jun. 2, 2011