Create Subscribe. Identifying the peaks and troughs of recessionary episodes helps economists to understand the conditions surrounding crises. But deciding when a recession starts or finishes is not straightforward, and several methods exist.
The Committee concluded that the latest euro area expansion reached its peak in Q4. The pace of that now-ended quarter expansion, which had begun in Q2, was the slowest of all euro area recoveries to date.
The euro area entered recession during Q1, most likely in March, with economic activity and employment decreasing in Q1 and Q2 across euro area Used modular homes for sale in indiana at unprecedented speeds and to unprecedented depths. The Committee will continue to monitor developments in euro area economic activity to further assess the characteristics of this downturn and to determine the trough that marks the beginning of the expansion, which may already be underway.
Download the Report. It also comments, in the spring and in the fall, on the current state of aggregate economic activity in the euro area and launches research initiatives deed to better monitor and understand aggregate economic developments in the euro area.
Dating activities and bi-annual statements on the state of euro Young cuban girls economic activity are conducted in total independence of EABCN. The Committee is currently composed of the following members:.
Tuesday, September 29,