Major economies are slowing down – OECD

2011-12-12 13:38

Paris – Leading indicators all point to a slowdown in the world’s major developed economies, the Organisation for Economic Cooperation and Development (OECD) said today.

The composite index of leading indicators, designed to highlight turning points in performance, “point to a slowdown in economic activity in all major economies but with some variation” in individual countries, it said in a regular monthly report for December.

Indicators for the US, China and Canada “continue pointing to slowdowns in economic activity around long term trends, but with only marginal declines compared with last month,” the OECD said.

For Japan and Russia, indicators suggest activity above long-term trends, but with signs now of slowing. 

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