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Economic indicators anticipate weak growth momentum in the OECD area

September 12, 2016

In a news release the Organisation for Economic Co-operation and Development (OECD) announced that its composite leading indicators (CLIs) point to signs of stable growth momentum in the OECD area as a whole, the United States, Japan as well as the euro area, including Germany.

In Canada, the CLI indicates growth picking up.

On the other hand, growth is expected to ease in France, while the CLI for Italy points to a more severe weakness in growth momentum.

The current assessment for the United Kingdom points to growth continuing to slow, before stabilising around a lower rate towards the end of the year.

Amongst major emerging economies, the CLIs continue to indicate that growth is picking up in China, Russia and Brazil, while the CLI for India continues to point to firming growth.

The OECD's indicators are designed to anticipate turning points in economic activity relative to trend.

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