OECD continues to see signs of economic weakness in most member countries with their advanced composite indices, andThese signs are especially strong in Chilewhich is the furthest from the long-term trends.
When publishing October’s statistics this Wednesday, the Organization for Economic Co-operation and Development (OECD) made it clear in a statement that it still expects “Reversal of growth ‘in many large countries how are you?n United States, Canada, United Kingdom or in the eurozone Germany, France and Italy.
For the institution as a whole, this indicator, which shows changes in the economic cycle several months ago, fell 17 percent in October and settled at 98.4 points, that is, below the level of 100 that represents the long-term average.
Chile records the largest decline
The biggest monthly drop, by far, is Chile’s, from 59 percent to 94.45 pointss, which is the lowest among the 38 member countries of the Organization for Economic Co-operation and Development.
The fact that this monthly decline is so steep does not necessarily mean that Chile will experience the most significant slowdown ever, but it does mean that The signs of this slowdown are very clear, Based on Company order books, building permits, long-term interest rates or vehicle registrationamong other elements.
Waterfalls in Germany, Italy, Canada and the United Kingdom
Among the G7 countriesthe most obvious monthly decreases are those of Germany (39 percent at 97.88 points), Italia (33 percent at 97.09 points), Canada (33 hundredths to 97.72 points) and United kingdom (15 hundredths to 94.64 points).
Outside that group of the seven richest countriesSpain saw a relatively small drop, from 9 percent to 97.35 points. The Spanish index is below the 100 points that mark the long-term average since March.
Above this level 100, and therefore with a growth trend above the long-term average, There are only five countries in the Organization for Economic Co-operation and Development
it’s about Japan (100.34 points after the five-part monthly fall); Mexico (100.54 after a 17 percent decline); Colombia (100.21 after a decrease of 26 hundredths); Ireland (101.51 after a 19 percent drop); and Slovenia (100.15 after a reduction of three hundred).
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