Article 1, Paragraph 4., Point (b) · Commission Delegated Regulation (EU) 2021/930

Contents

1. For the purposes of Article 181(1), point (b), or 182(1),…
2. In identifying an economic downturn for a given type of ex…
3. For the purposes of paragraph 2, point (b), the 12-month p…
4. For the purposes of paragraph 2, point (c):

(b)where, for different, significantly correlated economic indicators, the peaks or troughs related to the most severe 12-month values are reached simultaneously or shortly after each other, the downturn periods in which those indicators reach their most severe 12-month value are to be treated as one single downturn period covering the most severe 12-month values for all those indicators.