THE OECDcomposite leading indicators have pointed
to easing in the pace of economic activity in major economies and
a more
marked slowdown in most major non-OECD economies.
The CLIs for Japan,
the United States and Russia remain above long term trend but continue to point
to dissipating momentum, especially in the case of Russia.
The CLIs for
France, Germany, Canada, the United Kingdom and the Euro Area as a whole
continue to point towards economic activity below long-term trend.
In
Italy the CLI signals point more strongly to a slowdown.
The CLIs for
China and India point strongly to a slowdown with economic activity falling
below long-term trend.
In Brazil the CLI continues to point to economic
activity returning towards long-term trend but with a weaker intensity than in
last month’s assessment.
|
