The pace of economic growth is still slowing down in most major economies

The OECD’s indicators point to slowing growth in Canada, the U.S., Japan and the United Kingdom.

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.

According to the OECD the CLIs continue to anticipate easing growth momentum in Canada, the United States, Japan, the United Kingdom and the euro area as a whole, including Germany and Italy.

In France, the CLI now points to stabilising growth momentum.

Among major emerging economies, the CLI for India continues to anticipate stable growth momentum, with similar signs emerging for the industrial sector in China. In Brazil, growth gaining momentum remains the assessment while in Russia the CLI continues to point to easing growth momentum.