Independent journal on economy and transport policy
06:12 GMT+1
This page has been automatically translated by Original news
The OECD confirms the sudden collapse of major economies due to the pandemic
The signal that economies have entered a phase of contraction - he stressed - is now stronger than it was at the time of the 2008 financial crisis
April 8, 2020
In announcing the March indicators, the OECD specified that in the coming months you will need to pay attention interpretation of the CRS given, in the first place, the remarkable uncertainty about the duration of asset freeze measures governments to contain the spread of the virus that has significantly reduced the capacity of the indicators predicting future developments in economic cycles. A In this regard, the organisation has made it clear that the current estimates of the CLI can provide accurate signals on current developments economic activities and should therefore be understood coincident indicator, which is indicators of the current state of the economy, rather than leading indicator, i.e. indicators that anticipate economic trends.
In addition, the OECD has specified that, as always, the the decline in the CLI should not be regarded as a measure of the degree of contraction in economic activity, but rather an indication of the strength of the signal that economies have entered contraction. To make a comparison - he noted organization -- now the signal is stronger than what it was not at the time of the 2008 financial crisis.
Finally, the OECD has made it clear that EIRs are not yet able to to anticipate an end to the slowdown in economies, especially because it's still unclear how long they'll stay blocking measures or what their Rigor. The OECD pointed out that, however, as will be resolved, even if there is a more CLI will begin to recover its capacity forecasting economic performance as businesses and businesses consumers will start to adapt to new realities, even if only in the short term, especially when governments begin to define and communicate guidance on strategies to multiple in addition to the immediate measures that initially had to impose.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
In announcing the March indicators, the OECD specified that in the coming months you will need to pay attention interpretation of the CRS given, in the first place, the remarkable uncertainty about the duration of asset freeze measures governments to contain the spread of the virus that has significantly reduced the capacity of the indicators predicting future developments in economic cycles. A In this regard, the organisation has made it clear that the current estimates of the CLI can provide accurate signals on current developments economic activities and should therefore be understood coincident indicator, which is indicators of the current state of the economy, rather than leading indicator, i.e. indicators that anticipate economic trends.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
