OECD: Growth Picking Up In Most Global Major Economies
Apr 11, 2013
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April 2013 composite leading indicators (CLIs) point to growth picking up in most major economies, according to OECD (Organisation for Economic Co-operation and Development).
CLIs are designed to anticipate turning points in economic activity relative to trend.
CLIs the United States and Japan continue to point to economic growth firming, OECD reported. Data for China indicate a more positive outlook than a month ago, with the CLI now showing that growth is picking up.
In the Euro Area, particularly Germany, CLIs continue to indicate a pick-up in growth. Data shows no further decline in growth in France and shows a positive change in momentum in Italy.
CLIs for the United Kingdom, Canada, Brazil, and Russia indicate growth close to trend rates. The CLI for India shows weakening growth.
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