THE latest CLIs of OECD for Canada, Japan, Russia, Germany, France and the Euro
Area as a whole continue to indicate a weak growth. In Brazil (0.91%) indicates
a positive growth momentum predicted in recent months which seems dispersing so
they need to respond rapidly to changes in economic activity.
Overall, the stabilizing growth can be seen in OECD area (0.14%), Major
five Asia (India, China, Indonesia, Japan, and Korea) along with Italy. In China
and Italy, on the other hand, signs of turning points in the cycle are beginning
to emerge. Cautious signs of a stabilisation in growth have also emerged in
India .
However in UK (1.14%) and US (0.96%) where consumer confidence picked up
strongly last month, the CLI continues to point to economic growth firming.
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