Business cycle dating in europe
The policy response to these various challenges required, and still requires, a proper identification of the business cycle.
For more frequently asked questions and their answers, see GDP in Greece has continued to decline.
Annual growth rates for GDP and trade were filtered using the Hodrick-Prescott method and the results were correlated through the Pearson approach to obtain the degree of similarity between countries with respect to their economic fluctuations.
The results highlight a stronger degree of synchronization during recessions, while in time of economic expansion there are 2 well-defined macro cycles corresponding to each continent: Europe, North America and the emergent Asian cycle.
The movement in Eurozone GDP is essentially tracked in the large member countries. There is no fixed rule by which country information is weighted.
Eurozone sales percentage change vs Q2 What about unemployment?