OECD projects steady growth increase for emerging countries such as Brazil and China
RIO DE JANEIRO, BRAZIL – The Composite Leading Indicator (CLI) of the Organization for Economic Cooperation and Development (OECD) points to stable growth in the main industrialized economies and steady growth in large emerging economies such as China and Brazil.
In its February edition, released this Tuesday, February 9th, the CLI continues to point to “stable growth” in the U.S.A., Japan and the Eurozone in general (including Germany, France and Italy).
In Canada, the OECD index now points to “stabilized growth”. In the United Kingdom, the trend is still towards an economic slowdown.
The indicator shows a “continued upward growth” in the manufacturing sector in China, and in activity in India and Brazil. In Russia, the indicator points to stable growth.
In an index in which 100 represents the long-term average, Brazil’s rose from 103.9 in December to 104.2 in January. The CLI was designed to signal the turning points of economic cycles in advance, showing fluctuations in activity in relation to its long-term potential.
In late January, the International Monetary Fund (IMF) raised its global economic projections for 2021, despite predicting lower growth than initially expected in the Eurozone because of the “lockdowns” decreed in the area to contain new Covid-19 outbreaks.
Source: Valor Ecomômico
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