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OECD sees firming growth in India, stable growth in Eurozone

FXStreet (Mumbai) - The leading indicators released today by the Organization for Economic Cooperation and Development (OECD) showed the growth is firming up in India and the Eurozone economy is showing signs of stabilization.

Key Points

“US and the UK have been the fastest-growing of the large developed economies, but the leading indicators for both fell again, pointing to continued slowdowns”

“OECD's composite leading indicator for its 34 members was unchanged at 99.8. A reading below 100.0 points to slowing growth.”

“The leading indicators for China indicate the economy will avoid a sharper slowdown in economic growth and the "hard landing" feared.”

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