Nor will the official arbiter of American recessions, the Business Cycle Dating Committee of the National Bureau of Economic Research.

ECONOMIST: Bouncing back | The

The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001.

CNN: The Business-Cycle Peak of March 2001

Its business cycle dating committee, which is considered the arbiter of whether the US is in recession, met on Friday to make the decision.

BBC: US recession 'began last year'

The Euro area equivalent of the NBER, the Centre for Economic Policy Research, also has a business cycle dating committee (full disclosure, I have recently joined this committee).

FORBES: It's Official: The Eurozone is in Recession

That could imply that the recession that the accepted authority, the Business Cycle Dating Committee of the nonprofit National Bureau of Economic Research, pinpointed as commencing in December 2007, is still underway.

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The NBER waited until now to declare an end to the recession because its Business Cycle Dating Committee wanted to see the most recent revisions of GDP and GDI figures, released in July and August.

FORBES: The End Of The Great Recession? Hardly

She is also a member of the Bureau's Business Cycle Dating Committee--the body charged with officially determining when a recession has started and ended--experience which will serve her well as she advises me on our current economic challenges.

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