economy and politics

Colombian economy: OECD highlighted the activity in the country in August

Europe

The Organization for Cooperation and Development (OECD) revealed, this Monday, September 12, a new report on the performance of its advanced economic indicators, whose dynamics in the vast majority of large economies leaves traces of the much-mentioned slowdown that will be experienced this year.

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Along with that scene, Colombia stands out as the second best economy of the countries in the region, behind of Mexico and ahead of Chili Y Brazil, not a member of the block.

The ‘Aztec’ country registered 101.11 points in its Composite Advance Indicators (CLI), while Colombia achieved 100.89. Chile scored 95.69.

The OECD did report that it perceived, for yet another month, signs of economic weakening in its large member countries, with a particularly clear signal in the euro zone and its main members, starting with Germany.

The August CLIs in Europe signaled, in advance, changes in the economic cycle and reiterated a trend observed for several months, in particular since the start of the war in Ukraine.

(See: Life expectancy fell in Colombia 4 years since 2019).

In the case of Germany, the drop was 44 hundredths, to 98.47 points).

Germany, one of the strongest countries in Europe.

EFE

The size of the losses (which must be interpreted more as an indication of a change in trend than as a measure of growth in activity) is also significant for Italy (27 hundredths, at 98.15 points), Spain (18 hundredths, at 98.63 points) or France (14 hundredths, at 97.96).

(See: Petro points to energy tariffs as ‘poverty markers’).

Outside the euro area, falls were recorded, although less pronounced than in previous months, in Canada (27 hundredths, at 98.53 points), USA (13 hundredths to 98.81 points).

As for the large emerging economies that are not part of the OECD, the indicator for China now points to an inflection in the rate of growth (reduction of 15 hundredths, to 98.05 points).

(See: These are the sectors that have recovered the most after the pandemic).

EFE

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