27th March 2023

The CEPR-EABCN Euro Area Business Cycle Dating Committee deliberated on 13 March 2023 to assess the state of the euro area economic activity, relying on data through the fourth quarter of 2022. GDP growth in the fourth quarter of 2022 halted, but did not turn significantly negative, as a large drop in private consumption and investment was offset by a large reduction in imports. There was also robust expansion in employment.

[ Findings ] / [ Press Release ]