Independent journal on economy and transport policy
13:15 GMT+1
This page has been automatically translated by Original news
The OECD notes an improvement in economic forecasts, but the crisis is by no means over
The CLI index remains well below the long-term trend
July 9, 2020
The Organisation for Economic Co-operation and Development explained that CLI indices for most major OECD economies have shown a sharp rebound as restrictions caused by the Covid-19 pandemic were gradually eased and the uncertainty Reduced. In particular, such a trend has been found among the major emerging economies, for example China's CLI index, where the crisis has hit first, which went back above pre-crisis levels, below the long-term trend. Instead in India, where the health crisis is far from solved, the CLI index continues to be close to a negative peak.
The OECD has specified that, in the current circumstances, CLI indices should be interpreted carefully as there remains considerable uncertainty about the impact of the current blocks transition phase after lockdowns. The OECD has reiterated that, therefore, the extent of the decline in the indices CLI should not be considered as a measure of the degree of contraction in economic activity, but rather as a an indication of the strength of the weakening signal economy.
- 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
The Organisation for Economic Co-operation and Development explained that CLI indices for most major OECD economies have shown a sharp rebound as restrictions caused by the Covid-19 pandemic were gradually eased and the uncertainty Reduced. In particular, such a trend has been found among the major emerging economies, for example China's CLI index, where the crisis has hit first, which went back above pre-crisis levels, below the long-term trend. Instead in India, where the health crisis is far from solved, the CLI index continues to be close to a negative peak.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
