The latest leading indicators point to weak growth in Canada, amid growing stability in the rest of the world, the Organization for Economic Cooperation and Development (OECD) reports.
The Paris-based OECD said Monday that its latest composite leading indicators, which are designed to anticipate turning-points in economic activity relative to trend, “show signs of stabilizing economic outlook in most major economies.”
However, the indicators for Canada continues to signal weak growth prospects, it notes.
The indicators for the United States and Britain continue to point to economic growth firming, the OECD reports. And, it says that readings for Italy, Germany, France, and the Euro Area, as a whole point to a stabilization in growth prospects.
Also, signs of a turning point for China and India “are more marked than in last month’s assessment,” it says; adding that, in Brazil and Japan, tentative signs of stabilizing growth are emerging there, too.