Leading indicators point to a loss of growth momentum in the OECD
Growth may lose momentum in the OECD area as a whole over the next six to nine months, according to the latest OECD Composite Leading Indicators (CLIs). The latest leading indicators, which aim to anticipate cyclical fluctuations in economic activity, support the view presented in the latest OECD Economic Outlook, which revised global growth forecasts downwards due to the impact of the war in Ukraine and continued supply-chain disruptions. The CLIs are now either at or below long-term trend levels in most major OECD economies. Pushed down by high inflation ...
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