The OECD sees stable growth in the economy of its member countries and in the euro zone, in the seven major world economies and the five major Asian. According to monthly advanced composite indicators, these were held in July in the OECD at 99.7 points, below the 100 level that marks the long-term average. The indicators fell a tenth in the euro area (100.2) and in the seven largest economies (Canada, France, Japan, Germany, Italy, the UK and USA), where they stood at 99.4 points. The scale, advance reflects inflections in the economic cycle, finds the same phase of stable growth in Germany (99.8), Japan (99.6) and the US (99), a boost in Canada (99.8), weak growth in Italy (100.2) and slowdown in France (100.3).
LESS EFFECT OF BREXIT
OECD points out that although there is still uncertainty about the agreement that the UK will close with the EU, volatility arising after the June referendum in which opted for the “brexit” has been reduced and it is estimated that growth will continue slowing, before stabilizing at a slower pace towards the end of the year. Moreover, indicators of five major Asian economies (China, Indonesia, India, Japan and South Korea) advanced in July tenth, to 99.7 points.