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This is a tool offered by the Organisation for Economic co operation and Development (OECD) to help visualise the business cycles around four main themes: Industrial production, business confidence, consumer confidence and composite leading indicators. The cycles are visualised as lines going counter clockwise for any given pair of countries. The regions of the graph represent a section in this cycle:
"Expansion – series is increasing and above 100;
Downturn – series is decreasing but above 100;
Slowdown – series is decreasing and below 100;
Recovery – series is increasing but below 100."
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