Most major world economies slowing: OECD

10 Aug 2012, 7:23 am   -   Source: AAP
Share This
0 
+ Comment
0
(Getty)

(Getty)

The OECD says its indicators continue to point to "an easing of economic activity in most major economies.

Most of the major world economies are slowing, with Britain the only country to see tentative signs of a pick-up, the OECD says.

The Organisation for Economic Cooperation and Development said on Thursday its composite leading indicators continued to point to "an easing of economic activity in most major OECD economies and slowdowns in most major non-OECD economies".

The individual indicators for Japan and the United States "show signs of a fading growth momentum," the Paris-based OECD, which groups the world's most developed countries, said in its latest report.

The signs from the eurozone, Germany and France "continue to point to weak growth", except in Italy where they point "more strongly to a slowdown".

Data for Britain, however, shows "tentative signs of a pick-up in economic activity", making it the only country to show improvement.

In Canada they point to "continued weak growth".

In the emerging markets of China, India and Russia, the indicators "continue to point to a slowdown" while in Brazil they suggest "a more moderate pick-up in economic activity than in last month's assessment".

  • Follow us: 
  • Follow us on Facebook
  • Follow us on Twitter
  • Follow us on Youtube

Join the Discussion

Name
City / Suburb E.g. Artarmon, Sydney
Title
Comment
You have characters remaining.
Validation
What's this?
This is a captcha-picture. It is used to prevent mass-access by robots.
All submitted comments become the property of SBS. They are moderated, so we reserve the right to edit comments and remove HTML tags. Not all submitted comments will be published. Publication does not mean we endorse the opinions expressed. Please read our terms and conditions for more information.