Composite Leading Indicators (CLI), OECD, August 2019
OECD CLIs point to stable growth momentum in the OECD area
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend six to nine months ahead, now point to stable growth momentum in the OECD area as a whole following last month’s assessment of stabilising growth momentum, but continue to point to easing growth momentum in the United States, Germany and the euro area as whole.
Among other large OECD economies, the assessment for France continues to point to stable growth momentum, which is now also the case for Canada. In the United Kingdom, although large margins of error persist due to Brexit uncertainty, growth momentum is expected to remain stable, albeit around historically low trend growth rates. Stabilising growth momentum remains the assessment for Japan with similar signals now emerging in Italy.
Among major emerging economies, the CLIs continue to point to stable growth momentum in the industrial sectorof China, although the recent rise in trade tensions has introduced a higher degree of uncertainty than usual. Stable growth momentum also remains the assessment for India and Russia, with similar signals now emerging in Brazil.
Source: Organisation for Economic Co-operation and Development
- 269 reads
Human Rights
Ringing FOWPAL’s Peace Bell for the World:Nobel Peace Prize Laureates’ Visions and Actions
Protecting the World’s Cultural Diversity for a Sustainable Future
The Peace Bell Resonates at the 27th Eurasian Economic Summit
Declaration of World Day of the Power of Hope Endorsed by People in 158 Nations
Puppet Show I International Friendship Day 2020