14 January 2019

The analysts track order backlogs, business inventories, business confidence polls and many more indicators in order to understand the potential direction the economy may take.

If the indicator is lower than 100, it doesn’t mean that a recession is coming, it only means the economy is growing at a slower pace than its long term average. For instance, Canada hasn’t exceeded this mark since last May, and now stands at 99.1.

OECD’s numbers are based on November results. The overall figure for all OECD nations is at 99.3 – the lowest level since 2012.

Meanwhile, Brazil, India, Russia and other countries are offsetting the slowdown trend and keep expanding at or above their usual pace.