COMPOSITE leading indicators (CLIs), released by OECD for this quarter, suggests most major economies will continue to see weakening growth in the coming quarters.

While the CLIs for the United States and Japan continue to show signs of moderating growth while in Canada the CLI points to weak growth but in Germany, France, Italy and the Euro Area as a whole, the CLIs continued weakening growth.

In Asia, China's CLI points to soft growth, but tentative signs are emerging that the recent deterioration in the short-term outlook may have stabilised. In India and Russia, the CLIs continue to point to weak growth.

However the CLIs for the United Kingdom and Brazil have maintained their pick up in growth.