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.