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Economic indicators show growth momentum picking up in several advanced economies

December 12, 2016

The Organisation for Economic Co-operation and Development (OECD) announced that its composite leading indicators (CLIs) point to growth momentum picking up in several advanced economies and strengthening in major emerging economies.

Signs of growth gaining momentum have emerged in the CLIs for Canada, the United States, Germany and France. There are also signs of improvement in the short term in the United Kingdom, although uncertainty persists about the nature of the agreement the UK will eventually conclude for its exit from the European Union.

Growth is expected to gain momentum in China and India, in particular,and also in Brazil and Russia, albeit from low levels.

In the OECD area as a whole, Japan, and the euro area as a whole, the CLIs point to stable growth momentum. In Italy, the CLI show signs of easing growth.

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