Growth weakening in emerging economies

Growth is weakening in major emerging economies, the OECD said on Tuesday, while the recovery in the eurozone remains on track despite some signs of a slowdown in Germany. The OECD index of composite leading indicators (CLI) showed that growth conditions were below trend in Brazil, China and India and even losing momentum in Russia, struck by the crisis in Ukraine. Inside the eurozone, the CLIs show growth strengthening in Italy and the single currency bloc as a whole, with the two biggest economies France and Germany showing stable growth momentum. But other data this week has suggested that the German economy, a longtime bright spot in the often troubled eurozone, may be stalling, according to AFP.