OECD's main economic indicator points to downturn in S. Korean economy
- 6 years ago
Data from the OECD suggest South Korea's economy is showing signs of a downturn.
The OECD's Composite Leading Indicators, or CLI, came to 99-point-8 in February, the first time the figure's fallen below 100 since September 2014.
The CLI reflects short-term fluctuations in the economy and is likely to be followed by the business cycle.
Korea's CLI, in contrast to other OECD countries,... has been falling for nine months straight.
They broke above 100, on average, in April last year.
And the G7 countries this February climbed to 100-point-1.
The OECD's Composite Leading Indicators, or CLI, came to 99-point-8 in February, the first time the figure's fallen below 100 since September 2014.
The CLI reflects short-term fluctuations in the economy and is likely to be followed by the business cycle.
Korea's CLI, in contrast to other OECD countries,... has been falling for nine months straight.
They broke above 100, on average, in April last year.
And the G7 countries this February climbed to 100-point-1.