CLIs show stronger signs of recovery for India and Russia; Weak signals for China and Brazil

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CLIs show stronger signs of recovery for India and Russia; Weak signals for China and Brazil By TII News Service Mar 12, 2012 , Paris
THE latest Composite Leading Indicators (CLIs) continue to show a positive improvement in the momentum of economic activities in the OECD as a whole. The USA and Japan continue to be the flag-bearer for the overall momentum. As per the latest indicators, tentative signals have been recorded from other major OECD economies in the Euro area. The CLIs for India and Russia are also showing stronger signs of a positive change in growth momentum. However the CLIs for China and Brazil continue to point to below-trend growth. The OECD Development Centre's Asian Business Cycle Indicators (ABCIs) show weak growth momentum of most ASEAN economies, with some signs of improvements.

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