Stable growth momentum in OECD area
New data from the Organisation for Economic Co-operation and Development indicates that, overall, growth momentum is likely to remain stable across the group’s 35 member countries during the months to come.
This is according to the latest composite leading indicators published by the organisation, which are designed to anticipate turning points in economic activity relative to trend six to nine months ahead throughout the OECD area as a whole.
The CLIs continue to point to stable growth momentum in Japan, Canada and the euro area. Stable growth momentum is now also expected in the US and Italy, while in the UK the CLI confirms the tentative signs of easing growth that were flagged up in last month’s assessment. Prospects of growth gaining momentum remain unchanged for Germany and France, as well as for China and Brazil.
Among other major emerging economies, the CLIs continue to anticipate stable growth momentum in India while in Russia tentative signs of easing growth remain.