Economic growth is slowing down in most major economies
The OECD’s indicators point to slowing growth in the U.S. and Germany.
The Organisation for Economic Co-operation and Development (OECD) announced that its composite leading indicators (CLIs) continue to point to easing growth momentum in most major economies. The CLIs are designed to anticipate turning points in economic activity relative to trend six to nine months ahead.
In the United States and Germany, the tentative signs of easing growth momentum have been confirmed, and easing growth momentum remains the CLI’s assessment for Canada, the United Kingdom and the euro area as a whole, including France and Italy.
In Japan, the CLI continues to point to stable growth momentum.
Among major emerging economies, stable growth momentum remains the assessment for the industrial sector in China and now also for India, while in Brazil and Russia the CLIs continue to anticipate growth momentum.