Paris: Economic activity in the United States is rising, in the eurozone it is steadying, but in China and India the growth trend is slowing, leading indicators from the OECD showed on Monday.
The Organisation for Economic Cooperation and Development said that its index of leading indicators suggested that economic growth in the United States was “firming”.
Activity in Britain was also firming but at a slower pace than seemed to be the case a month ago, the OECD said in its monthly report on composite leading indicators which are considered a reliable pointer to activity in six months’ time.
In Japan and Brazil signs were emerging “of growth picking up.”
For the 17 members of the eurozone, and notably in Germany and Italy, the leading indicators “point to a stabilisation in growth prospects” but in France “growth is expected to remain weak.”
The OECD, which is a policy forum for 34 advanced economies but also monitors some other important economies, said that China and India appeared to be on a growth path but “below trend compared with more positive signals in last month’s assessment.”
The indicators for Canada and Russia continued to signal growth that was below trend, the OECD said.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription