Economic growth is set to pick up in Italy, France and the eurozone, according to leading indicators released on Monday by the Organisation for Economic Cooperation and Development.
The Paris-based research body said its gauges of future economic activity — which are based on information available for January — also suggested growth in most of the world’s other large economies will remain at current rates over coming months.
India and Russia are the main exceptions, the former set for a pick-up, and the latter for a further slowdown.
The OECD’s composite leading indicators (CLIs) are designed to provide early signals of turning points between the expansion and slowdown of economic activity, and are based on a wide variety of data series that have a history of signalling changes in economic activity.
The leading indicators for the eurozone suggest growth will pick up in the early months of 2015, and are consistent with new forecasts released by the European Central Bank Thursday, which projected an acceleration in growth this year.
The ECB boosted its eurozone forecasts from three months ago, saying it now expects 1.5 per cent growth this year, 1.9 per cent in 2016, and 2.1 per cent in 2017. It previously had predicted the currency bloc’s economy would grow 1 per cent in 2015 and 1.5 per cent in 2016.
via Herald Sun
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019