May 15, 2018

Economic growth expected to remain stable in OECD countries

The Organisation for Economic Co-operation and Development (OECD) announced that its composite leading indicators (CLIs) continue to anticipate stable growth momentum in the OECD area as a whole. The CLIs are designed to anticipate turning points in economic activity relative to trend six to nine months ahead,

The CLI for Germany points to easing growth momentum, while in France, Italy and the euro area as a whole, the CLIs confirm the signs of easing growth momentum flagged in last month's assessment. Continued weakening of growth momentum is anticipated in the United Kingdom.

Signs of easing growth momentum are now also emerging in Japan and Canada, but stable growth momentum remains the assessment for the United States and most other OECD countries.

Growth gaining momentum continues to be the outlook for India and Brazil with similar signs now emerging for the industrial sector in China.