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27 October 2020 The on-line newspaper devoted to the world of transports 12:52 GMT+1



October 8, 2020

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Original news
Weak recovery in several OECD economies, but resurgence of the Covid-19 pandemic alarm

THE GDP of the OECD's major economies will continue to remain below the average trend in economic activity long-term

The economies of the Organisation for Cooperation and Economic Development (OECD) continues to rise relative to at the height of the crisis triggered by the pandemic Covid-19, however, growth is still moderate. The Last September Composite Leading update Indicator (CLI), the indices determined by the OECD as an indication short-term forecast of cycle turning points economic benefits, it reveals that the gross domestic product of OECD's major economies will continue to remain below below the average trend in long-term economic activity (the value 100 in the chart order).

The OECD has specified that if the current ESRIs relating to economies of France and Germany report a stabilisation of growth, those of the US, Japan, UK, Canada and Italy continue to point to moderate growth as well as - between major emerging economies - those of India and Russia and also Brazil, although for the latter economy - he pointed out OSCE - the expected GDP level is above the trend. As for the Chinese economy, the OECD has specified that the production activity is aimed at stabilising growth.

The OECD also specified that forecasts are subject to considerable uncertainty given that the resurgence of the pandemic in many nations plan to adopt possible new measures to may contain infections that could lead to a contraction in economic activity, factors - the OECD clarified - may not be fully taken into account in the current indicators used for the formulation of CLI indices.


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