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INTERIM ECONOMIC OUTLOOK
Global economic recovery continues – but there are risks

In focus

Data insights

Is the economic recovery slowing?

The latest Composite Leading Indicator (CLI) release on 12 October showed a moderation in the pace of expansion in economic activity in the OECD area, reflecting the slow-down of the post-pandemic rebound.

It remains above trend in many economies thanks to an easing of COVID-19 containment measures, but rising consumer prices, especially energy prices, are a major factor bringing CLIs down. Slow-downs are emerging in the US and Japan, following similar observations last month in Canada, the euro area and the UK. On-going uncertainties may mean higher-than-usual fluctuations in CLI as we look forward

The OECD’s Composite Leading Indicators (CLIs) are designed to provide early signals of turning points in business cycles by showing fluctuations in the output gap and qualitative information about economic activity.

 

 

 

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