1/14, 1:08 PM (Source: TeleTrader)
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OECD sees slowdown in leading economies

Forward-looking economic measures calculated by the Organisation for Economic Co-operation and Development showed on Monday that "easing growth momentum" was maintained "in most major economies" in November.

The trajectory was confirmed for the United States and Germany after warning from the previous data. They are entering a group which has Canada, the United Kingdom and the euro area as a whole, including France and Italy, all of which earned the status earlier. China was graded stable in expansion and joined by India. The reading of the so-called composite leading indicators kept Brazil and Russia on path for growth momentum. As for Japan, it maintained a stable growth pace.

All the aforementioned economies remained below trend, marked by a 100-point level, except for Brazil (unchanged), India, which showed marginal improvement, and Russia, which came in neutral. The methodology targets activity six to nine months ahead.

Breaking the News / IT