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Stable growth in most countries, mixed performance in emerging markets: OECD

Xinhua, February 9, 2016 Adjust font size:

Composite leading indicators (CLIs) released by the Organization for Economic Cooperation and Development (OECD) on Monday pointed to unchanged economic situation in most countries and different growth patterns in emerging markets in December 2015.

The CLIs, designed to show turning points in economic activity regarding a six-month term in advance, showed CLIs for OECD group as a whole at 99.7 in December 2015, down by 0.1 point.

In short term, the indicator indicated stable growth momentum for the whole area.

Economic activities in the United States, Japan and the United Kingdom were estimated to slow, as their CLIs figures kept declining for several months.

As a whole, the euro zone's economic activity seemed to post stable growth with its index stood at 100.6, unchanged for the third consecutive month.

December index for Germany and Italy pointed to stable growth momentum while growth was also predicted in France, Paris-based think-tank said in its monthly economic report.

Regarding the emerging markets, the OECD forecasted firm growth in India whose index was at 100.1, while those of China and Brazil "confirm the tentative signs of stabilisation". Enditem