THE OECD's Composite leading indicators (CLIs) designed to anticipate
turning points in economic activity relative to trend, point to a slowdown in
most major economies for the month of May 2011.
The
CLIs point to slowdowns in Canada, France, Germany, Italy, the United Kingdom,
Brazil, China and India. In the United States, Japan and Russia tentative signs
of turning points in the growth cycle are emerging.
The outlook for Japan
continues to be mired by higher degree of uncertainty.
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