Sluggish U.S. Economic Outlook Suggests Higher Risk of North American Recession
Abstract:
The October 2007 Composite Leading Indicator (CLI) from the Organization for Economic Cooperation and Development points to a continued weak outlook for the economies of the major OECD member countries. According to the OECD, the recent pattern of leading indicators suggests that most major developed countries are likely to experience slower economic growth in 2008. The particular deterioration in the U.S. outlook means that the risk of a North American recession has increased significantly.
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The October 2007 Composite Leading Indicator (CLI) from the Organization for Economic Cooperation and Development points to a continued weak outlook for the economies of the major OECD member countries. According to the OECD, the recent pattern of leading indicators suggests that most major developed countries are likely to experience slower economic growth in 2008. The particular deterioration in the U.S. outlook means that the risk of a North American recession has increased significantly.