Today ECRI is announcing new Australian growth rate cycle dates, a peak in May 2012 and a trough in June 2013.

Click here for the complete international growth rate cycle chronology.

Growth rate cycles – alternating periods of accelerating and decelerating economic growth – occur within business cycles.

Growth rate cycle downturns can culminate in either recessions or soft landings that are followed by a reacceleration in economic growth. Using an approach analogous to that used to determine business cycle dates, ECRI has established growth rate cycle chronologies for more than 20 countries and is considered the arbiter for international business cycle dates.