World economy: stable and moderate growth in the OECD area

The OECD monthly leading indicators of the evolution of the economy show a pattern of  stable and moderate growth in the coming months. The main exceptions are the euro area and Japan where the short term outlook is to growth weakening. The most recent data on leading indicators were published October 8 at : 

http://www.oecd.org/std/leading-indicators/CLI-Oct14.pdf

On October 7, the IMF published its World Economic Outlook and its forecats are not different from what we can read from the OECD leading indicators. The world output will grow by only 3.3% this year, below trend, and 3.8% next year, according to the IMF.

http://www.imf.org/external/pubs/ft/weo/2014/02/

World Economy: moderate growth

The expansion of the world economy continues at a moderate pace. This is what we can deduct from the latest monthly edition of the J.P. Morgan Global Manufacturing & services PMI, published October 3 by Markit Economics. Manufacturing and services industries contribute to growth, according to the purchasing managers consulted around the world.

Link to Markit Economics press release :

http://www.markiteconomics.com/Survey/PressRelease.mvc/f9fa304d4f7948649dec41faf0ffe0e5

The IMF will soon publish its World Economic Outlook update. It will give us its most recent assessment of the economic situation and its forecasts for 2015.