Spanish Business Cycle Dating Committee
Spanish Economic Association

Spain Business Cycle Expansions and Contractions

Contractions (recessions) start at the peak of a business cycle and end at the trough
PeakTroughLength of RecessionLength of ExpansionExplanation
1974Q41975Q22 quarters13 quartersThe Oil recessions
1978Q31979Q23 quarters51 quarters
1992Q11993Q36 quarters59 quartersThe European Crisis
2008Q22009Q46 quarters4 quartersThe Double Recession
2010Q42013Q212 quarters27 quarters
2019Q42020Q22 quarters-The COVID-19 recession peak
The COVID-19 recession trough
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Índice CF

El indicador CF combina información de varias series económicas para extraer el nivel de actividad económica cíclica subyacente en tiempo real

The main features of the chronology of the Spanish Business cycle dating committee

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