Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to point to signs of easing growth in the OECD area as a whole.
The CLIs continue to point to easing growth in the United States,the United Kingdom, and Japan, with a similar outlook now expected in Germany and Italy.
The outlook is for stable growth momentum in the Euro area as a whole. In India and France, growth momentum is stabilising. Signs of growth stabilisation are also emerging in China and Canada.
In Russia and Brazil the CLIs continue to point to a loss in growth momentum.
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