Fall 2024 statement of the Dating Committee on the current state of the economic activity in the euro area.

The CEPR-EABCN Euro Area Business Cycle Dating Committee convened on 21 October 2024 to evaluate the state of economic activity in the euro area, using data through the second quarter of 2024. The findings of the Committee are similar to those of two quarters ago (Spring 2024). Although GDP growth remained positive, it was only about one-half percent year over year as of 2024Q2. This is in line with the anaemic growth in the single currency zone over the past two years.