- POSTED: 09 Dec 2013 21:56
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Growth is strengthening in most advanced economies, with tentative signs of momentum gathering in key emerging markets, the OECD said on Monday.
PARIS: Growth is strengthening in most advanced economies, with tentative signs of momentum gathering in key emerging markets, the OECD said on Monday.
The Organisation for Economic Co-operation and Development (OECD) index of composite leading indicators (CLI) showed that growth conditions were holding at above trend in Japan as they continued to improve in the US and Britain.
Inside the eurozone, the CLIs show growth strengthening in Germany with a switch to positive momentum holding in France and Italy and widening to the currency bloc as a whole.
Among the major emerging markets, the CLIs showed growth on par with trend in Brazil and a tentative return to positive momentum in China, Russia and India.
In official forecasts last month, the OECD said that growth in advanced economies will pick up speed this year and next, but mostly at a slower pace than expected as new risks loomed for emerging economies.