Lower growth and higher prices. Composite Index of Leading Indicators (CLI), OECDBringing together the most developed countries as an ‘economic thermometer’ to detect changes in trends, The slowdown in the growth rate of the euro area economy As a result of the war in Ukraine.
“OECD Composite Leading Indicators (CLIs) Loss of growth momentum in Europebut for a stable country in other key economies of the OECD,” warns this organization.
Specifically, the OECD’s CLI stayed at 100.30 in March, which is a a slight decrease of eight percent in one month, but an increase of nine in one yearEurozone data remained at 100.43 points, compared to 100.60 in February.
In countries such as Spain, both the central bank and the Financial Authority (Airef) are already sharply lowered growth forecasts At the same time, inflation rates rose 9.8% year-on-year in March, according to the provisional index that the National Institute of Statistics should approve this Friday.
The OECD expects growth to lose momentum in the United Kingdom and the euro area as a whole, including Germany, France and Italy. contraction in consumer confidence indicators and rising inflation.
In the case of Spain, the CLI stood at 101.11 points in March, representing a decrease of 0.16 points in a month, but an increase of 2.44 points in a year.
However, among the major OECD economies outside Europe, CLIs are still on trend It continues to show steady growth for the US, Japan and Canada.
For major emerging market economies, CLIs China and India continue to point to steady growthIn Brazil, the CLI continues to expect a slowdown in growth.
The OECD prepares this ‘thermometer’ by predicting six to nine month fluctuations in economic activity based on a variety of indicators such as confidence, building permits or long-term interest rates.