OECD: a recovery in the euro zone and a slowdown in the US and China

THe Composite Leading Indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to stable growth momentum in the OECD area as a whole.

Stable growth momentum is expected in Germany, Japan and India. The CLI for Russia also points to stable growth momentum albeit below long term trend.

In France and Italy, as well as the Euro Area as a whole, CLIs point to firming growth.

On the other hand, CLIs point to growth easing to around long-term trends in the United States and the United Kingdom with tentative signs of a loss in growth momentum in Canada. (MTI)