The CEPR Euro Area Business Cycle Dating Committee has just issued its findings following a meeting last week in London. This is the summary from a companion Vox EU piece:
Eurozone mired in recession pause, by CEPR Business Cycle Dating Committee, Vox EU: The simplest business cycle dating algorithm declares recessions over after two consecutive quarters of positive GDP growth. By that metric, the Eurozone recession has been over since 2013Q1. This column argues that growth and improvements in the labour market have been so anaemic that it is too early to call the end of the Eurozone recession. Indeed, if this is what an expansion looks like, then the state of the Eurozone economy might be even worse than economists feared.