Publication of OECD CLI indicators postponed due to coronavirus

Organization for Economic Cooperation and Development (OECD) announced that the publication of OECD CLI indicators will be postponed to April 8 due to the inability to capture the effects of coronavirus on OECD economies.

“At present, CLI subcomponents for many countries are not yet able to capture the effects of the Covid-19 outbreak. Current components are unable to capture significant unpredictable changes in macroeconomics or expectations that may have occurred in days and weeks after they were collected,” the release stated.

OECD writes that the speed of outbreak in other countries in recent weeks has meant that the impact has not yet been reflected in CLI subcomponents for these countries. The OECD CLI issued on April 8 is to reflect this information.

(PAP)