OECD sees improvement in US, China economies
Tuesday, 14 December 2010
PARIS, Dec 13 (AFP): The pace of economic growth has stabilised in the world’s leading industrialised states, with a pick-up noted in the United States and China and moderation in Germany and Japan, the OECD said Monday.
The Organisation for Economic Cooperation and Development in another report Monday said a strong economic recovery in ASEAN nations was now losing steam.
The OECD said its index of composite leading indicators showed that for the United States, China and to a lesser extent France showed “signs of improvement” in October compared to September.
In Germany and Japan the indicators “show moderation toward a stable pace of expansion.”
The Organisation for Economic Cooperation and Development in another report Monday said a strong economic recovery in ASEAN nations was now losing steam.
The OECD said its index of composite leading indicators showed that for the United States, China and to a lesser extent France showed “signs of improvement” in October compared to September.
In Germany and Japan the indicators “show moderation toward a stable pace of expansion.”