Economic growth in the US and China is expected to slow down while the Eurozone is still on course for economic recovery this year, according to the Organization for Economic Cooperation and Development (OECD).
“In the euro area, growth momentum continues to strengthen, particularly in France and Italy. Signs of easing growth momentum are emerging in the United States, although these may reflect transitory factors,” the organization said in its Tuesday report based on March data.
The OECD composite leading indicators forecasting economic activity in the next 6-9 months signal a stable growth in countries such as Japan, Germany, Great Britain and India, while a loss in growth momentum is seen in Canada, China, Brazil and Russia.
INC News, 12/05/2015 - via RT
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