The OECD's composite leading indicators (CLIs) are "designed to anticipate turning points in economic activity relative to trend." The CLIs for August, just released today, are now pointing toward a global slowdown:
Anything below that 100 marker points to economic activity below the long term trend. The August numbers show most countries in the OECD already below the line. India, Brazil and China are all below the line as well, with India and Brazil well below. The US, Germany, and Russia are looking better, but are also trending toward slowdown. Japan, is an outlier. Its CLI "continues to indicate a potential turning-point in economic activity."
See the specific CLIs for OECD countries here.
Posted
10-10-2011 10:05 AM
by
Graham Griffith
Filed under: Japan, Russia, recession, global business, GDP, global economic crisis, global economy, growth, india, OECD, Brazil, Germany, CLI, composite leading indicators, China, Organisation for Economic Cooperation and Development, US, slowdown