Independent journal on economy and transport policy
16:54 GMT+1
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The slow recovery of the OECD economies is weighed down by the effect of the new measures to contain the pandemic
Only in the coming weeks will the impact of the new restrictions be highlighted
November 9, 2020
In particular, the OECD explained that prior to the introduction of of the recent covid-19 containment measures, the CLI indices related to October of the United States, Japan, Canada, Germany, Italy and the euro area continued to show a growth, but at a slower pace. The index for the France continued to stabilise, while that of the United Kingdom contracted for the second consecutive month reflecting potentially - the OECD noted - greater uncertainty about the prospect of no agreement being reached with the EU at the end of the transition period for the United Kingdom's exit from the Union European. In addition, THEAs of all major OECD economies continued to be below the trend rate of gdp growth.
Among the major emerging economies, the CAs of India and Brazil have continued to increase, but at a slower pace. In China, on the other hand, the October CLI for the manufacturing sector continued to increase at a rapid pace, while in Russia there has been a Stabilized.
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