Composite leading indicators point to growth convergence in most major economies | WPN World People News

Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to growth convergence across most major economies and within the OECD.

The CLIs point to firming growth in the Euro area, particularlyin France and Italy, while growth momentum shows signs of easing in Canada and the United States. Stable growth momentum is anticipated in the United Kingdom, Germany and Japan.

Amongst other major economies, tentative signs of a positive change in growth momentum are emerging in Russia while the CLIs continue to point to stable growth momentum in India and to easing growth in China. However, a loss in growth momentum remains the outlook for Brazil.

Stable growth momentum in the OECD area

Source: Organization for Economic Co-operation and Development