The Colombian economy has been progressing for more than a year, according to the OECD

The Colombian economy has been progressing for more than a year, according to the OECD

Colombia has been in for more than a year uninterrupted progression of your economy, according to the analysis made by the Organization for Economic Cooperation and Development (OECD) of its advanced composite indicators.

(See: Colombia’s external debt rose 6.777 million dollars in August).

For October, the data for the country rose 0.04 and reached 101.76 points, por above the 100 level that marks the long-term average.

However, the organization assured, progress has slowed down a lot: to the progression of October are added those of August (0.09 points) and September (0.06 points).

In the case of Spain, the Ocde it continues to see signs of an acceleration of the economy. The indicator rose 0.21 points in October, one of the steepest monthly increases in the Member States, according to data published by the entity.

(See: Total pension spending relative to GDP remains ‘very high’).

The European country has been with strong increases for months, although the pace has slowed somewhat lately. Those increases left him at 100.80 points.

It should be borne in mind that the advanced composite indicators are indicating early inflections of the economic cycle.

(See: Consumer confidence is already at pre-pandemic levels).

For the OECD as a whole, the indicator has been down for two consecutive months, although very slightly (0.02 points in October, after 0.01 in September), which makes the organization’s analysts perceive signs that the acceleration of the recovery could be close to its end.

That is the trend found in United States, Japan, France, Germany or the United Kingdom, where there are two consecutive months of decline, which represent the reversal of the movement that had existed until then.

Something similar also happens in Mexico, where the indicator has fallen in the last three months, although it remains at a high level of 102.15 points, clearly above the long-term average.

(See: Annual inflation as of October in the country was 4.58%).

On chili There is no clear evolution, since its statistics have been stagnant for three months and, previously, it had experienced slight decreases for six months.


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