OECD sees stabilization of growth in Brazil

The growth outlook for most industrialized countries is improving thanks to the performance of the United States and the United Kingdom.

They are showing signs of firming the expansion of their economies, according to a report from the Organization for Economic Cooperation and Development (OECD) on antecedent indicators of economic activity.

According to the monthly study, referring to November, Brazil shows signs of trying to stabilize economic growth.

From October to November, economic activity surpassed that of Russia and Canada, which still shows weak expansion.

Brazil’s expansion of 0.01% in November, compared to October, was better only than that of Canada (-0.09%) and Russia (-0.23%).

Brazil was even behind European countries in crisis, like Italy (0.09%) and France (0.02%).

China’s growth in the same period was 0.21%; the UK, 0.20%; India, 0.14%; the USA, 0.11%; Germany, 0.07%; the Euro Zone, 0.06%; and the 33 OECD countries, 0.06%.

For Brazil, the Advanced Composite Indicator (CLI) – intended to anticipate the economic activity cycles and has the number 100 as a long-term reference point – has remained stable since July, at 99.3.

In Japan, which also appears to be attempting to stabilize economic activity, the indicator was stable for the fourth month in a row, at 100.2.

The growth scenario for the leading countries in the eurozone – Germany, France, and Italy – and for the entire bloc has stabilized. And the economies of China and India showed signs of growth expansion.

EUROZONE WITH SMALL ADVANCE

The indicator for the 33 member countries of the OECD was stable in November relative to October at 100.2 points, slightly above the long-term average of 100 and boosted by the US and the UK.

The reading for these two countries rose to 101.0 in November from 100.8 in October and 100.7 from 100.5. According to the OECD, the result indicates “accelerating growth.

The euro zone’s index advanced in November to 99.5 from 99.4 in October.

In Germany, there was a slight expansion from 98.8 to 98.9. In Italy, the increase was also small, from 99 to 99.1. France maintained the indicator at 99.5.

In China, the indicator continued to climb to its long-term average of 100, with a reading of 99.7 in November, compared to 99.5 in October. In India, the advance was from 97.8 to 97.9.

According to OECD monthly data, Canada and Russia, which are experiencing weak growth, posted declines from 99.5 to 99.4 and from 98.8 to 98.6, respectively.

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