THE Organisation for Economic Cooperation and Development (OECD) said on Tuesday they anticipate stable growth in most large economies in their region.

The OECD's Composite Leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, signal stable growth in most of the 33 member countries and six major non-member economies.

It points to stable growth in the United States, Japan, Russia and the Euro area as a whole, including Germany, France and Italy.

In Canada, the CLI now points to stabilising growth. However, the OECD said, "The CLI for the United Kingdom still signals a slowdown."

Among major emerging economies, the CLIs for the manufacturing sector of China and for India and Brazil all point to a steady increase in growth.

The OECD cautioned that CLIs should continue to be interpreted with care as fluctuations in the underlying components are likely influenced by the changing measures to contain COVID-19 and the progress of vaccination campaigns.