Trivial moderate growth continues: OECD CLIs

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Trivial moderate growth continues: OECD CLIs By TII News Service Sep 14, 2012 , Paris
THE OECD Composite leading indicators released for this quarter indicates that loss of momentum is likely to keep on in the coming quarters in most major OECD and non OECD economies truly pointing out a trivial moderate growth overall. In Italy, China, India and Russia CLI’s continue to point to a slowdown. For the Euro Area, France, and Germany the CLIs point to continued weak growth. The CLIs for Japan (-0.03) and the United States (0.66) show signs of moderating growth above trend, while in Canada (-0.58) the CLI continues to point to growth moderating below trend. The CLIs for the United Kingdom (-0.47) and Brazil (0.11) tentatively point to a pick-up in growth, but remain below trend. The OECD Development Centre's Asian Business Cycle Indicators (ABCIs) reveals that ASEAN economies show overall resilience, though some signs of weakening are observed.

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