Updated on
Summary The indicators for the United States and Japan continue to show signs of moderating growth.
The eurozone economy is slowing further, growth in the United States and Japan is moderating, but the outlook for soft growth in China might be improving, the OECD said on Monday.The Organisaton for Economic Cooperation and Development said that on the basis of its index of leading indicators to the trend for growth, most major economies will continue to see weakening growth in coming quarters.The pointers indicated weakening growth in Germany, France, Italy and the eurozone as a whole, the OECD said. The index for Britain and Brazil suggested that their economies were picking up.The indicators for the United States and Japan continue to show signs of moderating growth and the indicators for Canada suggested weak growth.The OECD noted however that in China the indicators pointed to soft growth, but tentative signs are emerging that the recent deterioration in the short-term outlook may have stabilised.India and Russia seemed set for weak growth, the OECD said.
