The OECD Composite Leading Indicators (CLIs) are designed to anticipate turning points in economic activity relative to trend.
The latest report from OECD says this…
“Global trade has slowed to levels usually associated with a global recession” and issued a warning that trade would grow by only 2% this year. The Paris-based organisation stated that “Whenever there was such a slowdown in growth it was a harbinger of a very sharp turn of the economy for the worse,” and the organisation’s chief economist Catherine Mann said: “This is deeply concerning. World trade has been a bellwether for global output.”