The Organization for Economic Co-operation and Development (OECD) composite indices, which are designed to anticipate turning points in economic activity in relation to direction, anticipate the strong economic recovery being felt after the significant restrictions of 2020 linked to the coronavirus. -19 19 On the verge of a slowdown in many major economies.
As announced on Monday, indicators – which include order books, building permits, confidence indicators, long-term interest rates and new car registrations, among others – “in November and December 2021 indicated the approaching peak of post-pandemic growth,” but the latest indicators She notes that “peak has already passed in many major economies”. The cases of Canada, Germany, Italy and the United Kingdom are the most notable, where there is a clear loss of growth strength.
On the other hand, the Eurozone as a whole, Japan and the United States continue to experience stable growth, albeit below the peak.
With regard to emerging economies, it is China that experiences a slower economic recovery, but the same trend is observed in Brazil. On the other hand, Russia and India are showing signs of stable growth, albeit more moderate than before.
“The continuing uncertainty from the ongoing pandemic, particularly from the effect of the micron variable on recent monthly indices, could lead to higher-than-normal volatility” in the indices, and as such, “must be carefully interpreted at this time and size to be taken as an indication of signal strength, It is not an accurate measure of the expected growth in economic activity.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
