Signs of an economic slowdown persist: Organization for Economic Co-operation and Development
EFE.- Signs of an economic slowdown indicated by the leading composite indicators are still persisting in most major developed countries, with the notable exception of Japan, according to a report from the Organization for Economic Co-operation and Development (OECD).
In its latest monthly release on Thursday, the organization explained that indicators, which point to reversals in the economic cycle in advance, still point to slowing growth in most large economies.
He attributed this mainly to “high inflation rates and an increase in interest rates.”
This trend is confirmed in the United States, the United Kingdom, Canada and the eurozone as a whole, particularly Germany, France and Italy.
The reductions in the stats were 11 percent for the United States (to 98.44 points), 27th for Canada (to 97.36 points), 13th for the United Kingdom (to 94.53), 24th for Germany (to 97.94), 17th for Italy (to 97.36 points). 97.07), or 7 for France (97.71).
The big exception among G7 members is Japan, which although down slightly by 7 percent, maintains its index above the long-term average, with 100.21 points. This predicts, as in previous months, “stable growth,” as the Organization for Economic Cooperation and Development stresses.
The monthly variation in November was particularly strong in Colombia (down from 49 percent to 99.17 points) or Chile (down from 36 percent to 94.82 points, the lowest of the organization’s members).
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As for the large emerging economies, which are not part of the Organization for Economic Co-operation and Development, the highlight of November’s figures is that their index for the manufacturing sector “confirms signs of stabilizing growth” which already appeared in those for October.
On the contrary, in India and now also in Brazil, statistics predict a reversal in the direction of the economy, due in the first of these countries to monetary indicators and in the second to orders in the manufacturing sector, according to the organization’s analysts. .
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