THE OECD's latest CLIs have pointed to moderate improvements in growth
in most major economies.
The United States and Japan are the only
countries where the CLIs point to economic growth firming. In other major
economies, the CLIs point to limited growth momentum.
In the Euro Area as
a whole, the CLI continues to indicate a gain in growth momentum. In Germany,
the CLI shows that growth is returning to trend. As in April and May, the CLI
points to a positive change in momentum in Italy. In France, the CLI does not
indicate any change in momentum.
The CLIs for the United Kingdom, Canada,
China and Brazil point to growth close to trend rates. The CLI indicates that
growth is losing momentum in Russia, whereas for India, it continues to indicate
growth below trend.
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