The OECD Business Cycle Clock has been designed to better visualize business cycles – fluctuations of economic activity around their long term potential level – and how some key economic indicators interact with the business cycle. (In our framework the industrial production series represent the business cycle for each country.) The Business Cycle Clock is a dynamic tool which lets us perceive the leading, coincident or lagging behaviour of the other indicators presented.
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History doesn’t repeat itself, but it does rhyme. Mark Twain
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History doesn’t repeat itself, but it does rhyme.
Mark Twain