Growth strengthening in most advanced countries: OECD

Growth strengthening in most advanced countries: OECD
Japan's benchmark Nikkei average opened up more than 2 per cent higher on Monday, buoyed by anticipations that Tokyo's victory to host the 2020 Summer Olympics will give a boost to the nation's economy.

PARIS - Growth is strengthening in most advanced economies but several emerging nations continue to slow, the OECD said on Wednesday.

The OECD said index of composite leading indicators (CLI) showed that growth was holding at above trend in the United States in Japan, while it continued to improve in the United Kingdom and the euro zone overall.

Inside the euro zone, the CLIs show growth strengthening in Germany while a switch to positive momentum in France and Italy. Among the major emerging markets, the CLIs showed growth returning to trend in China and a tentative return to positive momentum in Russia.

In India and Brazil growth remains below trend.

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