World in depths of business cycle slowdown

On 8th June 2018 we penned a warning that the worlds’ major 41 economies, as tracked by the OECD, were headed for a synchronized business cycle slowdown.

You can read the article here : World headed for cyclical slowdown.

Indeed, as you can see below, for quite a few months shortly afterward, we bottomed out with less than 11% of the 41 countries tracked having rising OECD LEIs:

The percentage of 41 counties with a rising LEI seems to have bottomed though and as this is a  leading indicator of the global leading indicator, the assumption may be made that perhaps the worst is nearly over. A couple of more months and we will see.

About RecessionALERT

Dwaine has a Bachelor of Science (BSc Hons) university degree majoring in computer science, math & statistics and is a full-time trader and investor. His passion for numbers and keen research & analytic ability has helped grow RecessionALERT into a company used by hundreds of hedge funds, brokerage firms and financial advisers around the world.
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The Weekly SuperIndex Report & weekly data file will be skipped this week and the next publication will be  Monday  04 Sept 2023