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EFTA01459728
the levels in the 2008 and 2012 recessions as shown in Fig. 3. Fig.2: SIREN-Momentum - Is the euro-area economy accelerating or decelerating? (BBG: DBSKMEA Index)• 2 En:went/ay weighted SterideresSed 3-nyonth macro momentum 0.10 0.05 - 000 .0 10 Jan-08 Jan- I 0 Jan-12 Dote of clotttrtiont Jan-14 Jan-16
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