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DNB Business Cycle Indicator

The DNB business cycle indicator (red line) reaches a trough in March 2024 and then turns upward. It signals that in March 2024 the upward phase in the economic growth cycle (blue line) starts. The negative value of the indicator implies that GDP growth still remains below trend growth (annual basis). That reflects that the recovery will be moderate in the short run.

A point of attention with the DNB business cycle indicator is that it is constructed to predict business cycle turning points and not to make predictions for GDP growth.

Business cycle indicator

Data output DNB Business cycle indicator

Download Data output DNB Business cycle indicator

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