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OECD sees stable growth in US, UK as German, Canadian GDP to accelerate
THE American and British economies are expected to enjoy stable growth over the next six to nine months, according to the Organisation for Economic Cooperation and Development (OECD).
The OECD, which mostly concerns itself with healthier, wealthier economies, released new data indicating economic growth in the US and United Kingdom from a reading of composite leading indicators (CLIs) for March.
The OECD area as a whole will experience stable growth momentum going forward, as the CLI index for its 34 members was steady at 100.1. A reading below 100.0 indicates growth that is slower than normal.
Germany and Canada show indications of continuing growth gaining momentum, as was the case in February, when the CLI pointed to the accelerating growth in the US and tentative signs of growth in Britain despite Brexit uncertainty.
However, that prediction has been tempered with the current CLIs for the US, Japan, United Kingdom and the euro area as a whole showing only stable growth momentum for the next six to nine months.
The OECD, which mostly concerns itself with healthier, wealthier economies, released new data indicating economic growth in the US and United Kingdom from a reading of composite leading indicators (CLIs) for March.
The OECD area as a whole will experience stable growth momentum going forward, as the CLI index for its 34 members was steady at 100.1. A reading below 100.0 indicates growth that is slower than normal.
Germany and Canada show indications of continuing growth gaining momentum, as was the case in February, when the CLI pointed to the accelerating growth in the US and tentative signs of growth in Britain despite Brexit uncertainty.
However, that prediction has been tempered with the current CLIs for the US, Japan, United Kingdom and the euro area as a whole showing only stable growth momentum for the next six to nine months.
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