The Committee released its new findings. They reflect data publically available as of 15 September 2015. The committee declared that the trough of the recession that started after the 2011Q3 peak has been reached in 2013Q1. The trough signals the end of the second recession witnessed by the euro area after the financial crisis. The recession lasted six quarters; the 2011Q3-peak to 2013Q1-trough cumulative decline in output has been a mild 1.5 percent.
[ Findings ]