ACCORDING to OECD's composite leading indicators (CLIs) designed to
anticipate turning points in economic activity relative to trend, there has been
a mild loss of growth momentum in most major economies for April 2011.
A
notable exception is the United States which continues expanding relative to
trend, albeit more moderately than in last month’s assessment. The CLIs point to
a stable pace of expansion in Germany and the United Kingdom, clear signs of
slowdown in the pace of activity in France and Italy, and a likely moderation of
growth towards its long-term trend in Canada.
The CLI for China points
to a possible moderation in economic activity. Other CLIs indicate a slowdown in
Brazil and India and the first sign of a loss of growth momentum in
Russia.
The OECD Development Centre's Asian Business Cycle Indicators
(ABCIs) suggest that in ASEAN economies the growth momentum will
continue.
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