Table 2: Dates of Business and Growth Cycles

Table 2: Dates of Business and Growth Cycles

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Business Cycles (Peak-Trough-Peak) Growth Cycles (Peak-Trough-Peak)
Jan-80 - Jul-80 - Jul-81 Mar-79 - Jul-80 - Jul-81
Jul-81 - Nov-82 - Jul-90 Sep-84 - Jan-87 - Jan-89
Jul-90 - Mar-91 - Mar-01 Jan-89 - Dec-91 - Jan-95
  Jan-95 - Jan-96 - Jun-00

SOURCE: Zarnowitz and Ozyildirim (2001).