Stable growth in economic activity expected to carry on in OECD area

The Organisation for Economic Co-operation and Development (OECD) announced that its composite leading indicators (CLIs), continue to point to stable growth momentum in the OECD area as a whole.

The indicators point to stable growth momentum for the United States, Japan, Canada and the euro area as a whole, including Italy, and is now also expected in France.

Signs are emerging that growth may be stabilising in Germany. In the United Kingdom, the CLI continues to point to signs of easing growth.

Amongst major emerging economies, growth is expected to gain momentum in India and Brazil as well as in the industrial sector in China. In Russia, there remain signs of easing growth.

The OECD’s 35 Member countries span the globe, from North and South America to Europe and Asia-Pacific. They include many of the world’s most advanced countries but also emerging countries.

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