Today ECRI is announcing a new Korean growth rate cycle trough date, August 2012 and peak date, February 2014.

Click here for the complete international growth rate cycle chronology.

Growth rate cycles are alternating periods of accelerating and decelerating economic growth – and occur within business cycles, which pertain to the level of activity.

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.