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Global acceleration watch: OECD leading indicators

The assessment here is that the global economy has been gaining momentum since mid-year and growth over the next six to 12 months will be significantly stronger than expected by policy-makers and the consensus. This series of short posts will highlight incoming evidence that supports, or refutes, this view.The OECD yesterday released August data for its country leading indicators, allowing calculation of the composite G7 plus emerging E7 leading indicator tracked here.
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