Growth stabilising in most advanced economies

Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend six to nine months ahead, point to growth stabilising, albeit below long-term trends, in most advanced economies.

The CLIs continue to point to stable growth momentum in Japan, Canada and the euro area as a whole, including France and Italy. In the United States, Germany and the United Kingdom the signs of stabilisation, flagged in last month’s assessment, have been confirmed.

Among major emerging economies, stable growth momentum remains the assessment for Russia and China (for the industrial sector). Growth is expected to gain momentum in Brazil but the CLI for India continues to point to easing growth momentum.

OECD- Paris, 13 January 2020