Major economies slowing down: OECD

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Major economies slowing down: OECD

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The composite index of leading indicators points to a slowdown in economic activity.

12 December,2011 05:07 pm

Leading indicators all point to a slowdown in the worlds major developed economies, the OECD said on Monday.The composite index of leading indicators, designed to highlight turning points in performance, point to a slowdown in economic activity in all major economies but with some variation in individual countries, it said in a regular monthly report for December.Indicators for the United States, China and Canada continue pointing to slowdowns in economic activity around long term trends but with only marginal declines compared to last month, the Organisation for Economic Cooperation and Development said.For Japan and Russia, indicators suggest activity above long-term trends but with signs now of slowing.Indicators for the 17 nation eurozone as a whole, France, Germany, Italy, Britain, Indian and Brazil continue pointing strongly to economic activity falling below long term trend, it added.