OECD upbeat on eurozone economic growth

Economic growth is showing further signs of firming in France, Italy and the eurozone overall, while growth looks to be easing to around long-term trends in the US and UK, the Organisation for Economic Co-operation and Development (OECD) said.

Trends are pointing more strongly to a loss in growth momentum in Brazil and China, meanwhile, according to the OECD’s monthly leading indicator, a measure designed to flag turning points in the international economy.

Stable growth momentum is expected in Germany, Japan and India, while indications for Russia also point to stable growth momentum although below the long-term trend, the OECD said yesterday.