THE OECD's CLIs continue to
point to divergence between economies.
The CLIs for Japan, the United States and Russia continue to signal improvements
in economic activity. However, the deceleration in these countries’ CLIs
over the last four months provides tentative signs that growth may moderate
in the near term.
In France and Italy the CLIs continue to point to sluggish economic activity.
The CLIs for Germany, Canada, the United Kingdom and the Euro Area as a whole
continue to point towards economic activity slightly below long-term trend.
The assessment for China and India has changed significantly since last month.
For both countries, the CLIs point towards economic activity below long-term
trend.
In Brazil the CLI continues to point towards a turning point with economic
activity returning towards long-term trend but with a weaker intensity.
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