OECD Indicators: UK Bouncing Back Faster Than Euro Area

Cutting through the political Twitter noise, economist Daniel Lacalle has pointed out that the UK’s bounce back appears to be faster than the Euro-area and OECD countries as a whole. The OECD’s Composite Leading Indicator index for last month showed impressively strong trends for the UK – much stronger than Spain, France, and Italy, and just a hair’s breadth above Germany. Guido suspects some commentators will be biting their tongues next quarter…

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