The OECD said its leading indicators, which are designed to flag turning points in economic activity, suggested all major economies had plunged into a “sharp slowdown” with only India registering as being in a mere “slowdown”.
The indicators were flagging “the largest drop on record in most major economies”, the Paris-based OECD said in statement, adding that huge uncertainty over how long lockdowns would last severely muted their predictive value. As a result, the OECD said the indicators “are not yet able to anticipate the end of the slowdown, especially as it is not yet clear how long, nor indeed severe, lockdown measures are likely to be”.
Last month, the OECD estimated that each month major economies spend in lockdown knocked 2 percentage points off their annual growth.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A C-Section Is Major Surgery And Its Impact On Your Body Is Major, TooGive yourself time to heal.
Source: ScaryMommy - 🏆 116. / 63 Read more »
The bullish case for stocks with major averages already up more than 20% from the lowsStocks powered higher Monday, amid a glimmer of hope that coronavirus cases may be getting close to peaking. Wuhan traffic is bullish /s Want daily feee intraday call following me Yesterday virus news .. like pearl harbor and 9/11 is going hit us this coming weeks.. Today Market up a 1g due to good virus news..
Source: CNBC - 🏆 12. / 72 Read more »
Rihanna Gives the Durag a Major Fashion Twist.Rihanna’s latest Fenty campaign shoot is all about the durag. rihanna Thundercat did it well!👏🏽👏🏽👏🏽 rihanna FentyOfficial Can she start dropping the latest album too ? rihanna SO NOT LADY LIKE!
Source: voguemagazine - 🏆 715. / 51 Read more »
Reese Witherspoon's Favorite Yoga Brand Is Having a Major Sale Right NowWhat do Reese Witherspoon, Jennifer Lopez, Miley Cyrus, and Mila Kunis all have in common? Aside from being A-list actresses, they also have all worn…
Source: Shape_Magazine - 🏆 21. / 68 Read more »
Major multinationals are postponing ad campaigns and slashing marketing budgets, new report findsSome 81% percent of large advertisers are deferring ads, according to the World Federation of Advertisers. Everybody is too busy buying stocks to work on something productive. Duh After we bailed them out... Mmmk
Source: CNBC - 🏆 12. / 72 Read more »
#PayUp Petition Calls for Major Fashion Companies to Pay Garment FactoriesAccording to nonprofit Remake, more than 50 million international garment workers are negatively impacted because of COVID-19.
Source: wwd - 🏆 24. / 68 Read more »