OECD Leading Economic Indicators All Pointing Sharply Down

The OECD’s latest composite leading indicators point to severe economic weakness across all the world’s major economies. Only Brazil escapes the “strong slowdown” label, but even there a downturn is indicated.

The CLIs for November 2008 forecast deep slowdowns in the major seven economies and in major non-OECD member economies, particularly China, India and Russia.

The sharpest monthly drops were in Russia ( -4.3 points) and China ( -3.1).