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AS per OECD's Composite Leading Indicators (CLIs) point to a slowdown
in economic activity in all major economies, but with some variation in the
strength of the slowdown across countries.
The CLIs for Canada, China and
the United States continue pointing to slowdowns in economic activity around
long term trends but with only marginal declines compared to last month. The
CLIs for Japan and Russia point to economic activity above long term trend, with
a marginal slowdown for Russia, and a slightly stronger, but still moderate
slowdown for Japan.
In
Brazil, France, Germany, India, Italy, the United Kingdom and the Euro area, as
a whole, the CLIs continue pointing strongly to economic activity falling below
long term trend.
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