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/