The Straits Times
Published on Nov 12, 2012

OECD sees China, US outlook stabilising, Europe still hobbles


PARIS (REUTERS) - The economic outlook remains poor for major economies though there are growing signs of stabilisation in Canada, China and the United States, the Organisation for Economic Cooperation and Development (OECD) said on Monday.

In its latest monthly report on the global economy, the OECD said its composite leading indicator (CLI) for the 33-nation body held steady in September at 100.2 for the third month in a row.

The reading for the United States rose marginally to 100.9 from 100.8 in August, which the OECD said was indicative of growth stabilising in the world's biggest economy.

China's reading was steady at 99.4 for the fourth month in a row, while Canada's was also unchanged at 99.7.