April 10, 2017
The Organisation for Economic Co-operation and Development (OECD) announced that its composite leading indicators (CLIs) point to stable growth momentum in the OECD area as a whole.
The indicators anticipate stable growth momentum in the euro area, particularly in France and Italy, and in Japan.
Growth is expected to gain momentum in the United States, Canada, and Germany. In the United Kingdom, the CLI continues to point to tentative signs of growth gaining momentum, although uncertainty related to Brexit remains.
Amongst major emerging economies, the CLIs in China, Brazil and Russia point to growth picking-up and the CLI for India signals easing growth momentum.