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Posted: , Author: Ijefapyl The first two numbers represent the week, and the second pair indicates the year.

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The National Bureau of Economic Research (NBER) runs the BCDA. The chronology comprises alternating dates of peaks and troughs in economic activity.

Here is what they have to say about it, The NBER’s Business Cycle Dating Committee maintains a chronology of the U. A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak.

During a recession, a significant decline in economic activity spreads across the economy and can last from a few months to more than a year.