THE Composite
Leading Indicators (CLIs), designed by OECD to anticipate turning points in
economic activity, point to a slowdown for India. New data for
China indicates a downturn, reversing the tentative signs of
regained growth momentum reported last month.
The
CLIs for Germany, Japan and the United
States point to relatively robust expansion relative to trend, while in
Canada, France and the United
Kingdom the CLIs point to continued moderate expansion. There are
nevertheless signs of a downturn emerging in Italy.
In
Russia, the CLI continues to point to an expansion, while
Brazil is expected to continue to perform close to its
long-term trend.
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