The Colombian economy continues to advance, according to data from the Organization for Economic Co-operation and Development | Finance | Economie
Colombia been in for over a year the continuous progress of your economy, According to the analysis by the Organization for Economic Co-operation and Development (OECD) of its advanced composite indicators.
(See: Colombia’s foreign debt rose $6.777 billion in August.)
For October, the country’s data rose by 0.04 and reached 101.76 points, por above the 100 level which is the long term average.
However, the organization emphasized, Progress slowed down too much: To the October advance are added those for August (0.09 points) and September (0.06 points).
In the case of Spain, the confirm Still seeing signs of an acceleration in the economy. The index rose 0.21 points in October, one of the largest monthly increases in the member states, according to data released by the entity.
(See: Total Pension Spending Relative to GDP Still “Too High”).
The European country has seen strong increases for several months, although the pace has slowed somewhat recently. Those increases left it at 100.80 points.
It should be borne in mind that what the advanced composite indicators indicate are early reversals of the economic cycle.
(See: Consumer confidence at pre-pandemic levels).
For the OECD as a whole, The index declined for two consecutive months, Although very slight (0.02 points in October, after 0.01 in September), the organization’s analysts see signs that the acceleration of the recovery may be coming to an end.
This is the trend in United States, Japan, France, Germany or United Kingdom, Where two consecutive months of decline are restrained, a reversal of the movement that had existed until then.
Something similar also happens in Mexico, The index has fallen in the past three months, although it is still at a high level of 102.15 points, clearly above the long-term average.
(See: Annual inflation through October in the country was 4.58%.)
employment Chile No apparent development, as its stats have been stagnant for three months, and previously had a slight decline for six months.
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