“The upturn in Euro-zone growth,” especially in France and Italy, is continuing, announced OECD on Thursday. CLIs (composite leading indicators) from the OECD (organisation of economic cooperation and development) which were designed to forecast economic activity turnarounds from the general trend, “confirm the upturn in the Euro-zone.” In Italy and France, the upturn suggested last month has been confirmed,” and in “Germany, the CLI is still showing a positive trend,” points out an OECD press release.
The Paris-based organisation of 34 developed countries, forecasts “a stable growth trend” for the OECD zone in general, as well as in the United States, the United Kingdom, and Japan.
On the other hand, CLIs in China and Canada point to a “slowing down, although starting from a relatively high growth rate.”
In Brazil and in Russia, CLIs show a “downturn,” whereas in India the indicator “continues to point to growth consolidation,” according to OECD figures.