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Journal for Labour Market Research

Table 2 Dating the Great Recession and the Coronavirus Recession in Germany and the United States

From: Germany and the United States in coronavirus distress: internal versus external labour market flexibility

Contractions

Germany

United States

Peak quarter

Trough quarter

Peak quarter

Trough quarter

Great Recession

2008 Q1

2009 Q2

2007 Q4

2009 Q2

Coronavirus Recession

2019 Q4

Not yet determined

2019 Q4

2020 Q2

  1. Sources: German Council of Economic Experts (GCEE); NBER’s Business Cycle Dating Committee
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