OECD forecasts moderating growth in most major economies
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, show signs of a moderating growth outlook in most major economies
The CLI for the OECD area as a whole points to growth easing, with a loss of growth momentum anticipated in the United Kingdom and the United States, albeit from relatively high levels, and signs of a more moderate easing of growth in Canada and Japan.
In Germany and the Euro area as a whole, stable growth momentum is anticipated while in France and Italy the outlook is for firming growth.
Among the major emerging economies, CLIs continue to point to a loss of growth momentum in China, and weak growth momentum in Brazil and Russia. Firming growth is expected in India.