OECD paints less rosy view
Source: Agencies |
July 10, 2012, Tuesday
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Print Edition
Print Edition
CHINA and India have entered more marked economic slowdowns while growth moderates in most major industrial economies, the OECD said yesterday.
The Paris-based economic think-tank said its composite leading indicator for China, which provides a measure of future economic activity, eased to 99.2 in May from 99.4 in April, slipping further away from the long-term average of 100.
For India, the indicator fell to 97.8 from 98.0.
"Composite leading indicators ... point to an easing of economic activity in most major OECD economies and a more marked slowdown in most major non-OECD economies," the Organization for Economic Cooperation and Development said.
The overall indicator for 33 OECD economies eased to 100.3 from 100.4.
The Paris-based economic think-tank said its composite leading indicator for China, which provides a measure of future economic activity, eased to 99.2 in May from 99.4 in April, slipping further away from the long-term average of 100.
For India, the indicator fell to 97.8 from 98.0.
"Composite leading indicators ... point to an easing of economic activity in most major OECD economies and a more marked slowdown in most major non-OECD economies," the Organization for Economic Cooperation and Development said.
The overall indicator for 33 OECD economies eased to 100.3 from 100.4.
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