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Positive growth signals seen in OECD countries

Composite Leading Indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue pointing to a positive change in momentum in the OECD as a whole.

Outlook for growth is looking good

The United States and Japan continue to drive the overall position but stronger, albeit tentative, signals are beginning to emerge within all other major OECD economies and the Euro area as a whole.

The CLIs for India and Russia are also showing stronger signs of a positive change in growth momentum. However the CLIs for China and Brazil continue to point to below-trend growth.

The OECD Development Centre’s Asian Business Cycle Indicators (ABCIs) show weak growth momentum of most ASEAN economies, with some signs of improvements

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Posted in economic growth, OECD

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