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OECD says growth outlook improving, led by US, Britain

Published on Jan 14, 2013 8:38 PM
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A man sits on a bench outside the Bank of England in London on Oct 25, 2012. The growth outlook for most industrialised countries is improving, led by the United States and Britain, while the Chinese and Indian economies have reached positive turning points, the OECD said on Monday. --PHOTO: AFP

PARIS (REUTERS) - The growth outlook for most industrialised countries is improving, led by the United States and Britain, while the Chinese and Indian economies have reached positive turning points, the OECD said on Monday.

Growth prospects for core euro zone countries France, Germany and Italy as well as the bloc as a whole are beginning to stabilise, the Organisation for Economic Cooperation and Development added in a statement on its monthly leading indicators.

The Paris-based think tank's composite leading indicator for the 33 OECD member countries, a measure designed to flag turning points in economic activity, was stable in November from October at 100.2, slightly above the long-term average of 100.

The United States saw its reading rise to 101.0 from 100.8, while in Britain the indicator rose to 100.7 from 100.5, which the OECD said was indicative of "growth firming".

 
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