08/02/2017 – Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend six to nine months ahead, continue to point to growth gaining momentum in several advanced economies.
Growth is anticipated to pick-up in the United States, Canada, Japan as well as Germany and France. In the United Kingdom, there are tentative signs of growth gaining momentum, although the CLI remains below trend and uncertainty persists about the nature of the agreement the UK will eventually conclude with the EU.
In the OECD area as a whole, as well as the in the euro area and in Italy, the CLIs indicatestable growth momentum.
Amongst major emerging economies, growth is expected to gain momentum in China, Brazil and Russia.In India, the CLI points to easing growth momentum.
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