OECD sees growth momentum increasing in several advanced economies

OECD out with their monthly leading indicator report 8 Dec

• strengthening in major emerging economies

Say the OECD:

Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to growth momentum picking up in several advanced economies and strengthening in major emerging economies.

Signs of growth gaining momentum have emerged in the CLIs for the United States,Canada, Germany and France. In the United Kingdom, there are also signs of improvement in the short term, although uncertainty persists about the nature of the agreement the UK will eventually conclude with the EU.

Growth is expected to gain momentum in China and India,in particular,and also in Braziland Russia, albeit from low levels.

In the OECD area as a whole,Japan, and the euro area as a whole, the CLIs point to stable growth momentum. In Italy, the CLI show signs of easing growth.

Full report here