• OECD: major economies record largest monthly drop ever amid coronavirus-caused economic shock and considerable uncertainty around duration of lockdown measures

Market news

8 April 2020

OECD: major economies record largest monthly drop ever amid coronavirus-caused economic shock and considerable uncertainty around duration of lockdown measures

  • Says its Composite Leading Indicators (CLIs) showed that almost all major economies had declined into "Sharp slowdown"; India was the only exception as it had entered a mere "Slowdown"
  • Notes CLIs are not yet able to anticipate the end of the slowdown, especially as it is not yet clear how long, nor indeed severe, lock-down measures are likely to be

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