OECD points to stronger growth global growth

10th January 2011, Comments 0 comments

Economic activity was set to accelerate in the United States, China, Japan and France in November, while other European countries showed signs of stabilisation, the OECD said on Monday.

The Organisation for Economic Cooperation and Development said its index of leading economic indicators "point to an increasing pace of economic expansion in November 2010."

China, the United States, France and Japan showed "clear signs of accelerating economic activity," while Russian indicators pointed "strongly to steady expansion."

In Germany, indicators suggested a continued stable pace of expansion, while there were "signs of stabilisation" in Canada, Italy, Britain and India.

Indicators in Brazil pointed to a slowdown in economic activity.

© 2011 AFP

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