The Organization for Economic Cooperation and Development (OECD), in its recent report, pointed to a continued moderation in growth for the global economy prior to the recent tightening of COVID-19 restrictions. Even before the recent tightening of COVID-19 restrictions in many major economies, the composite leading indicator (CLIs) compiled for Oct. 2020 pointed to a continued deceleration in the pace of improvement in the OECD as a whole and across most major economies.

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