OECD Reports a Slowdown in Most Major Economies in May 2011
The Organization for Economic Cooperation and Development has issued a release stating that the composite leading indicators (CLIs) designed to anticipate turning points in economic activity point to a slowdown in most major economies in May 2011. The CLIs point…
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to slowdowns in Canada, France, Germany, Italy, the United Kingdom, Brazil, China and India. OECD notes that tentative signs of turning points in the growth cycle are emerging in the U.S., Japan and Russia. However, the outlook for Japan should be interpreted with some caution due to the higher degree of uncertainty caused by the March 2011 earthquake.