OECD indicators signal diverging economic growth

Leading indicators signal steady rebound: OECD Facebook LinkedIn Twitter Economy lost 68,000 jobs in May The latest leading indicator readings continue to indicate divergent growth trends among the major economies, the Organization for Economic Co-operation and Development (OECD) says. The Paris-based OECD reports that its latest composite leading indicators, which are designed to anticipate turning-points in economic activity, show divergent patterns in the economic outlook of major economies. Share this article and your comments with peers on social media James Langton Related news Indicators for Canada continue to point to below trend growth, while the readings for the United states and Britain show economic growth firming, although the signs in the Britain are slightly weaker compared to last month’s assessment. In Japan and Brazil, signs of growth picking up are emerging, the OECD says. The euro area as a whole, particularly Italy and Germany, are indicating stabilization of growth prospects. However, in France, growth is expected to remain weak. For China and India, the indicators point to growth below trend, compared with more positive signals in last month’s assessment, the OECD notes; and Russia’s indicators continue to point to below trend growth, too. Keywords Economic indicatorsCompanies Organisation for Economic Co-operation and Development Household debt-to-income ratio fell in first quarter: Statscan read more