The economic growth of the Russian Federation, USA and United Kingdom continues slowing down, according to new figures of composite leading indicators for the countries released by the Organization for Economic Cooperation and Development, or OECD, Prime reports.
OECD issues the composite leading indicator for early signals of economic growth or recession. It takes into account the range of indicators, preceding the change of dynamics, and can be considered the as the short-term forecast of economic development.
As per OECD data, the composite leading indicator for USA and Russia maintained lower than 100 during six months. In October the indicator for Russia dropped to 99.2 from 99.3 in September, USA – to 99.1 from 99.2 in September, UK – to 99.3 from 99.5. Such indicators, as per OECD, showed the weak growth impact of economic activity.
The composite leading indicator for Germany fell lower than 100 points in August for the first time for long time. The Eurozone index maintained at 100.6 during June-October. The indicator for G-7 countries made up 99.6 points in October, preserving the level.
