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Growth firms in big economies: OECD
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Growth is strengthening in most advanced economies, with tentative signs of momentum gathering in key emerging markets, the OECD said yesterday.
The OECD index of composite leading indicators showed that growth conditions were holding at above trend in Japan as they continued to improve in the US and UK.
Inside the eurozone, the CLIs show growth boosted in Germany with a switch to positive momentum holding in France and Italy and widening to the currency bloc as a whole.
Of the major emerging markets, the CLIs showed growth on par with trend in Brazil and a tentative return to positive momentum in China, Russia and India.
In official forecasts last month, the OECD said growth in advanced economies will pick up speed, albeit at a slower pace than expected, this year and next as new risks loomed for emerging economies.
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