5 March 2010, 18:23  Organisation for Economic Cooperation and Development: Economic growth in January 0.9 points

The world's leading industrialised nations recorded economic growth in January, the OECD said today. In the US, the index gained 0.9 points from December and 11 points from January 2009. The January index was up 0.6 points in the euro zone from December and 12.5 points on the year. For Japan, the index gained 1.2 points from December and 10.7 points on the year. It said data in emerging market nations Brazil and India also pointed to recovery but the rebound risked losing momentum, while the economies of China and Russia were likely to continue expanding. The Organisation for Economic Cooperation and Development said its composite leading indicators index for its 30 member economies rose 0.8 points in January from December and was up 11.3 points from January 2009.

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