Most major economies weakening India stable says OECD

Growth seems to be easing off in most of the world’s major economies, including the United States and more notably in China, the Parisbased Organisation for Economic Co- operation and Development ( OECD) said on Thursday.

The OECD said its monthly leading indicator, a synthetic measure that seeks to capture turning points in the economic climate, showed moderating growth generally.

However, the euro zone was stable, with growth actually firming up in euro zone countries — France and Italy —and also in India.

Taking an index reading of 100 as the long- term average, China slipped further, to 97.2 from 97.6 in its latest update, the OECD said. The US economy dropped to 99.2 from 99.5, Japan to 99.8 from 99.9 and the UK to 99.5 from 99.7.

Among bright spots, the euro zone as a whole remained stable at 100.7, with Germany, its largest economy, also steady at 100.0.

Business Standard, New Delhi, 9th Oct. 2015