The Organization for Economic Co-operation and Development (OECD) announced that its Composite Leading Factors (CLIs) show stable growth in most major economies.
The index is designed to show possible changes in the trend, and in October it remained at the September level of 100,4 points, which means that the growth of activity in the OECD economies continues at an unchanged pace, reports SEEbiz.
"The pace of growth remained stable in the United States of America (USA), Canada, China and Brazil, while it showed the first signs of change in Japan," the OECD said.
India is the only major economy whose index showed a clear acceleration in growth.
In Europe, growth is likely to weaken, especially in Germany and Italy, while stable growth is expected for France.
The index for Great Britain hints at slower growth.
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