9 December 2013, 17:58  OECD: Economic outlook improving

The economic outlook is improving in most of the major economies, survey data released by the Organization for Economic Cooperation and Development Area (OECD) showed Monday. The OECD leading indicator, which is designed to anticipate turning points in economic activity relative to trend, moved up 0.07 percent month-on-month to 100.7 in October, continuing the upward trend seen in recent months. Among the member states, the leading indicator for Japan points to growth above trend. At the same time, economic growth is firming up both in the United Kingdom and Germany. The corresponding indexes for Canada, France and Italy indicate a positive change in economic momentum. In the United States, the indicator points to growth around trend, the survey showed. In the emerging economies, the leading index points to growth around trend in Brazil and to a tentative positive change in momentum in China, Russia and India.

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