Domenica, 21 Ottobre 2018

OECD sees weak euro growth, but signs of stability in Italy


Paris, November 12 - Although some major economies
are looking weaker, Italy is showing early signs of
stabilization, according to the OECD's leading indicator
released Monday.
The index for September showed "weak growth in many major
economies" but also indicated "signs of stabilization" in Italy,
says the Organization for Economic Cooperation and Development.
The international agency's leading indicator is designed to
forecast changes in economic activity.
For Italy, the OECD index rose to 99.0 points in September
from 98.9 in August, while the measure remained unchanged at
99.4 for the euro area as a whole.
Italy's performance stands in contrast to Europe's two
largest economies, France and Germany, which both shrank by
small amounts; while the United Kingdom saw a small increase in
economic growth.
Germany's reading dropped to 98.7 in September from 99.0
the month before, while France saw its reading slip to 99.5 from
The benchmark figure is 100, which shows a long-term growth
average for each country.
Canada, China, and the United States are also showing
increasing signs of economic stability, said the OECD.

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