Who does the official dating of recessions who is charlie hunnam dating now 2016
The trough heralds the onset of a euro area expansion; any subsequent decline in economic activity will constitute a new recession.
The expansion since the 2013Q1 trough has been, so far, unusually lacklustre by historical standards.
The trough signals the end of the second recession witnessed by the euro area after the financial crisis.
The decision of the Committee not to call an end the recession that started after 2011Q3 in spite of several quarters of positive (but weak) economic developments in the euro area illustrates that its identification of peaks and troughs does not follow a mechanical two-quarter rule for GDP (see FAQ).The Bureau of Economic Analysis measures recessions using Gross Domestic Product (GDP.)This recession lasted only eight months (February to October 1945). That's because GDP continued to fall until it reached -10.6% in 1946.This was a natural result of the demobilization from WWII, as the huge demand for military weapons were no longer needed.Note: CEPR Recession shading for quarters follows the trough method used by FRED to compute NBER Recession Inndicators for the United States (see here).It shows a recession from the quarter following the peak through the quarter of the trough (i.e.