OECD warns of BRIC slowdown as other major economies recover
The Organisation for Economic Cooperation and Development (OECD) has warned of a slowdown in large emerging economises, but said it expects improvement in most other major countries (release).
The OECD’s composite leading indicators (CLIs) for the US and the UK point to economic growth firming, and a pick up in growth in the Eurozone as a whole, with Germany returning to trend, Italy signalling a positive change in momentum, and France relatively stable.
By comparison, while India continues to show signs of a positive change, China, Russia and Brazil appear to be slowing.
