The OECD just came out with its “Interim Assessment” of the major economies within the OECD (34 countries). This article amounts to what is known on the blogosphere as “chart porn” since most of the data comes in the form of … charts. Personally I think “chartocopia” is a better term. Whatever. I am going [...]
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This is just in from the OECD: Provisional estimates show that quarterly gross domestic product (GDP) growth in the OECD area decelerated sharply to 0.1% in the fourth quarter of 2011, against 0.6% in the third quarter. The OECD total masks diverging patterns however. In the United States, GDP growth accelerated to 0.7% in [...] I am constantly reminded how useless are official and semi-official committees, subcommittees, boards, associations, organizations, bureaus, brotherhoods, conferences, dialogues, and congresses. The word bloviate comes to mind. Today that reminder came in the form of a report from the OECD on tax policy and inequality. The “International Tax Dialogue (ITD) 4th Global Conference on Tax and Inequality” was [...] In a season in which the media reported that the average cost of a Thanksgiving dinner rose 13%, how impressive is it that retail sales may have risen by half that amount in the weekend just ended? If you remember to keep adjusting comparative data for almost 1% population growth yearly, and apply a realistic [...] Composite leading indicators (CLIs) for September 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to a slowdown in economic activity in most OECD countries and major non-member economies. Compared to last month’s assessment, the CLIs point more strongly to slowdowns in all major economies. In Japan, Russia and [...] I almost hate to keep broadcasting bad news, but as I keep saying, we aren’t making this up. This data, actually almost all data coming in right now, backs up our forecast of stagnation-to-decline. The OECD’s index of leading indicators for the 33+ OECD members all point downward. It fell 0.5 point in August, the fifth [...] The OECD Q2 2011 international trade report came in today showing weak results. The only bright spots were China and Brazil, but Chinese imports were very weak. As these economies slow, we would expect the big exporters to slow as well. The net trade balance (blue bar) isn’t significant, but slowing imports and exports is. [...] The OECD (comprising 34 major economies, ex. BRICs) released today its Q2 GDP report for its member countries. Gross domestic product (GDP) in the OECD area slowed to 0.2% in the second quarter of 2011, down from 0.3% in the previous quarter. This is the fourth consecutive quarter of slower growth. The slowdown was particularly [...] The OECD consumer price indices for February came out and it reveals that creeping price inflation is a worldwide phenomenon. The OECD consists of 34 major economies, including Japan, but excluding the BRICs. An ECB report noted that price inflation in the eurozone increased to a new high: The euro zone’s inflation rate rose unexpectedly [...] |
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