Saturday, May 23, 2015   

OECD forecast slower growth in major emerging economies
(05-13 19:21)

Growth is weakening in major emerging economies, the OECD said on Tuesday, while the recovery in the eurozone remains on track despite some signs of a slowdown in Germany.
The OECD index of composite leading indicators (CLI) showed that growth conditions were below trend in Brazil, China and India and even losing momentum in Russia, struck by the crisis in Ukraine.
Inside the eurozone, the CLIs show growth strengthening in Italy and the single currency bloc as a whole, with the two biggest economies France and Germany showing stable growth momentum.
But other data this week has suggested that the German economy, a longtime bright spot in the often troubled eurozone, may be stalling.
On Tuesday, a survey from the ZEW economic institute showed that investment sentiment in Germany fell to the lowest level for nearly 1.5 years. Analysts are however still expecting solid growth for this year.
The French central bank meanwhile forecast that France, while avoiding recession, will only see anaemic growth of 0.2 percent in the second quarter this year.
The head of the French MEDEF employers' union Pierre Gattaz said his data showed no "reversal in the outlook'' for France save perhaps "a halt in the decline of certain sectors''.
For the OECD as a whole -- and the United States, Canada and Japan in particular -- growth remained at a stable momentum with Britain showing initial signs of acceleration. --AFP
   
Other Business breaking news:
Hang Seng, Shanghai end higher (05-22 16:39)
Margin trading exceeds 2 trillion yuan, propelling risky rally in China markets (05-22 16:14)
German business confidence wanes (05-22 16:08)
Year end start for China led development bank (05-22 16:06)
European equities open higher (05-22 15:33)
Domestic demand lifts German economy (05-22 14:40)
Wal-Mart decides to bypass Li and Fung (05-22 14:28)
Nikkei edges up at close (05-22 14:25)
Hang Seng, Shanghai rally (05-22 12:45)
Goldin Financial shares rebound by 3.6pc (05-22 12:43)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.