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Tuesday, July 12, 2011

Economic Cooperation and Development: Global economy signals slowdown!

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(File image) In this July 28, 2010 photograph, heavy rain engulfs the Bayswater Power Station near Muswellbrook in the Hunter Valley – AFP
(File image) In this July 28, 2010 photograph, heavy rain engulfs the Bayswater Power Station near Muswellbrook in the Hunter Valley – AFP.

Leading eurozone countries and China are showing clear sign of slowdown and the United States and Japan could be slipping towards a downward slope, the Organisation for Economic Cooperation and Development (OECD) said on Monday.
France, Germany, China, India and Brazil were already on a path of slowdown, the OECD said on the basis of leading indicators pointing towards future trends.
The United States, Japan and Russia were at turning points following a period of growth, the OECD said.


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