Economic indicators drop – global economy to slow
The Organization for Economic Cooperation and Development released a report today showing that the economy will slow in coming months for all but two of its developed member nations.
34 nations are included in the OECD membership and all but the U.K. and Brazil are showing signs of economic slowdown. The OECDs lead indicator dropped to 100.2 in July from a June number of 100.3 – an indicator that has proven very reliable in the past.
While the EU was the prime focus of the OECD, the economies of the U.S. and Japan also showed signs of continued slowing.
The OECD indicators show early signals to changes in economic activity.
Italy showed the largest decline in economic output while the U.K. showed the greatest increase.