The OECD said on Monday that a survey for January showed economic expansion in most of its member states. The Paris-based Organisation for Economic Development and Co-operation said that its January "composite leading indicators (CLIs)," designed to anticipate turning points in economic activity, point to continued expansion.
It said the CLI readings for Germany, Japan and the United States indicated "robust expansion," while those for France and Canada suggested that their economies had "regained growth momentum." Britain was experiencing a "slow but stable pace of expansion" but Italy was in a moderate downturn. Among the BRIC emerging economies, China's CLI pointed to a moderate downturn, India faces a slowdown relative to trend, while Russia was in expansion mode and Brazil was near its long-term potential.
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