The world economic outlook is improving significantly these days. The OECD published this morning its monthly indices of leading indicators for 35 countries, and we can conclude from them that the pace of economic expansion in the world will accelerate in the coming months. Encouraging signs of accelerating economic expansion are coming from the United States, China, Japan and France, respectively ranking first, second, third and fifth in the world for the importance of their economy.
Few countries have an outlook inferior to their historical trend; Brazil is in that group for a fifth month in a row, Greece and New Zealand, by few, are the others. The outlook is improving for Ireland where, for a sixth consecutive month, the leading indicator index points to economic growth superior to the historical trend. In Spain and Portugal, other countries of the euro area where there are difficulties to finance the public debt, there will be a downturn, but the outlook for the coming months is slightly above the historical trend.
Details at : http://www.oecd.org/department/0,3355,en_2649_34349_1_1_1_1_1,00.html
No comments:
Post a Comment