The CEPR-EABCN Euro Area Business Cycle Dating Committee convened on March 10, 2025, to assess the current state of economic activity in the euro area, using data through the fourth quarter of 2024. Year-on-year real GDP growth in the final quarter of 2024 remained tepid. Employment continued to expand, particularly within the service and public sectors. The euro area’s unemployment rate reached a new low of 6.2%.
DBC
Spring 2025 statement of the Dating Committee on the current state of the economic activity in the euro area.
