The economic recovery in the countries of the Organisation for Economic Cooperation and Development (OECD) continued to grow overall in October. The OECD concludes this on the basis of its own index of leading indicators. The movement had already been used for governments in several countries again announced new lockdown measures.
In the United States, Japan, Canada, Germany and Italy, among others, growth became more modest, as in India and Brazil. In France, on the other hand, the indicators indicated a stabilisation of growth. The same was true of Russia. In the United Kingdom, according to the OECD, the picture deteriorated. According to the researchers, the impending hard Brexit may also have something to do with this. The only country where growth was clearly strong was China.
The OECD stresses that the full impact of new lockdown measures has not yet been taken into account in this data. What exactly will be the consequences of this will become apparent in the coming months. According to the organisation, the data should therefore be interpreted with care for a long time. This is because the index should be seen more as a signal rather than as a measure of the degree of growth of economic activity.