IDEX Online Research: OECD Leading Indicators Turning More Positive
February 12, 13
(IDEX Online News) – The global economy appears to be stabilizing, and by late 2013, a new growth cycle could begin, according to the latest data from the OECD, the global economic tracking agency based in Paris.
The OECD has reported that global economic Composite Leading Indicators, designed to anticipate turning points in economic activity, “show signs of stabilizing” in most major geopolitical regions.
In the U.S. and the UK, the Composite Leading Indicators point to economic growth firming.
In China and India, signs of a turning point are much clearer than they have been in prior months.
The Composite Leading Indicators for Italy, Germany, France, and the Euro Area as a whole point to a stabilization in economic growth prospects.
Likewise, in Japan and Brazil, tentative signs of stabilizing growth are emerging.
Only two countries appear to be mired in economic weakness: Canada and Russia.
The table below summarizes the OECD economic outlook for the major global regions, based on the Composite Leading Indicators.
