Topics: Euro Area Business Cycle Dating Committee - cepr.org
The CEPR Euro Area Business Cycle Dating Committee, which is composed of nine CEPR researchers , establishes the chronology of recessions and expansions of the eleven-original euro-area member countries plus Greece for 1970-1998, and of the entire euro area from 1999 onwards.
The Committee released its new findings in August 2017. Its main conclusion is that since the last trough in 2013Q1, the euro area has been recovering at a slow but steady pace. This post-recession recovery is commensurate with that of the US recovery, considering it began later, after the double-dip European recession that followed the global financial crisis.
Quarters of recession are indicated in grey, and quarters of expansion in white in the figure below. The source spreadsheet of this chronology is available here.