OECD: Higher-than-expected growth in Colombia, Mexico, and Chile

RIO DE JANEIRO, BRAZIL – The Organization for Economic Co-operation and Development (OECD) continues to receive signs of higher-than-expected long-term economic growth in Colombia, Mexico, and Chile. However, the latter two countries may have peaked.

On Monday, January 17, the OECD published the advanced composite indicators for December, which, as has been the case in previous months, fell slightly for Chile (nine-hundredths to 101.40 points) and Mexico (ten-hundredths to 101.60).

These indicators, which signal in advance inflections in the economic cycle, remained in any case clearly above the 100 level that marks the long-term trend.

The evolution is even more favorable in the case of Colombia since its statistics have been on the rise for more than a year now, and in December, they rose once again, albeit very slightly (by one-hundredth of a point).

With 101.97 points, Colombia scored one of the highest values among the organization’s members.

Overall, the OECD indicator fell by six-hundredths of a point last month to 100.55 points.

Those responsible for monitoring these statistics noted that the solid economic recovery seen after the crisis triggered by covid may have peaked in some major economies.

The main example of this movement is the United States, whose indicator has been declining for six consecutive months and in December fell to 99.91 points, below the 100-point long-term average.

With information from EFE

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