THE OECD CLIs continue
to point to weak growth prospects in many major economies, but signs of stabilisation
are emerging in Canada, China and the United States. Compared to recent months
where the CLI has pointed to a deteriorating outlook, tentative signs of
stabilisation are also emerging in Italy.
The CLIS for Japan, Germany, France and the Euro Area as a whole continue to
point to weak growth. In India and Russia the CLIs also continue to point to
weak growth. The CLIs for the United Kingdom and Brazil continue to point to
a pick-up in growth.
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