The economy of industrialized countries is suffering from high inflation. Japan defies the difficult situation. The picture is mixed for the emerging markets.
In view of high inflation, low consumer confidence and falling stock indices, the OECD, the association of industrialized countries, expects growth to weaken in most major economies.
The leading macroeconomic index points to a weakening, particularly in Canada, Great Britain and the USA as well as in France, Germany and Italy, said the Organization for Economic Cooperation and Development (OECD) in Paris. In Japan, leading indicators continued to point to stable growth close to the long-term trend.
According to the OECD, the emerging markets show a mixed picture. While indicators for India are pointing to stable growth, there are signs of growth stabilizing in China. A weakening is expected for Brazil. The OECD said that the uncertainties surrounding the Ukraine war, the corona pandemic, inflation and supply chain problems made the forecast more difficult than usual.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
