IDEX Online Research: Global Economic Signs Continue to Improve

(IDEX Online News) – Global economic leading indicators continue to point to a positive change in momentum, according to the latest data from the Organization for Economic Cooperation and Development (OECD), the Paris-based think tank. The OECD’s leading indicators are designed to anticipate turning points in economic activity.

Here is a summary of the latest economic forecasts from the OECD:

·        The United States and Japan continue to drive overall global economic growth.

·        Stronger, though tentative, economic growth signals are beginning to emerge from within the Euro area. 

·        Economic growth indicators for both India and Russia are showing stronger signs of positive change in growth momentum.

·        Growth momentum appears to be weak for some Asian economies, including Korea and Indonesia, but those economies are showing some early signs of potential improvement.

·        Growth momentum remains weak for both China and Brazil.

The table below summarizes the OECD’s latest economic outlook. When compared to the economic growth numbers for January and February, almost all of the countries on this list are showing improvement. 

Source: OECD

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