Eurostat’s Business Cycle Clock (BCC) Confirms Economic Slowdown in the Euro Area in Q4 2024
Eurostat’s Business Cycle Clock (BCC) is a tool that illustrates the different phases of the euro area’s economic cycle through a clock-style graph. It represents the empirically observed sequence of turning points in the business, growth, and acceleration cycles. The clock relies on three synthetic indicators: the Growth Cycle Coincident Indicator (GCCI), the Business Cycle […]