this signs of economic slowdown showing advanced composite indicators remain permanently in the largest developed countrieswith the notable exception of Japan, according to an OECD report.
In its latest monthly publication, released this Thursday, the organization explains that indicators that predict fluctuations in the economic cycle continue to point to a slowdown in growth in most major economies.
This is mainly attributed “a inflation high and rise interest rates“.
The trend is confirmed for the United States, the United Kingdom, Canada and the eurozone as a whole, and Germany, France and Italy in particular..
The decreases in statistics are 11 percent for the USA (to 98.44 points), 27 for Canada (to 97.36 points), 13 for the United Kingdom (to 94.53 points), 24 for Germany (to 97. 94 points), 17 for Italy. (on 97.07) or 7 (on 97.71) for France.
The big exception among G7 members is Japan.Although it experienced a slight decrease of 7 percent, it maintains its indicator above the long-term average with 100.21 points. The OECD emphasizes that this predicts “stable growth” as in previous months.
Monthly change in November was particularly strong in Colombia (down 49 percent to 99.17 points) or Chile (down 36 percent to 94.82 points, the lowest for members of the organization).
As for large non-OECD emerging economies, Most importantly, with the figures for November, the industrial sector indicator “confirms that growth has stabilized”. this was already revealed in october.
Conversely, in India and now Brazil, statistics predict a shift in the economy’s trajectory due to monetary indicators in the first of these countries and orders in the manufacturing sector in the second, according to agency analysts. .