J
jonathanlondres
New Member
The economic outlook is still weakening in the seven major economies in the world (the G7),according to the index of leading indicators of the Organization for Economic Cooperation and Development (OECD) for July, released this Friday. However, the forecast for Brazil is expanding.
"Check out more news on Economy
"The data indicate expansion in China, Brazil and Russia, and deceleration in India," said the OECD in note.
The indicator for the G7 (formed by Canada, United States, United Kingdom, France, Italy, Germany and Japan) fell 0.7 point on the previous month and 5.1 points before July 2007, to 96.5.
For the OECD area, which engolba 29 countries, the fall was 0.7 point month to month and from 5.2 points in the annual comparison. The indicator for the United States declined 0.2% month to month.
"Check out more news on Economy
"The data indicate expansion in China, Brazil and Russia, and deceleration in India," said the OECD in note.
The indicator for the G7 (formed by Canada, United States, United Kingdom, France, Italy, Germany and Japan) fell 0.7 point on the previous month and 5.1 points before July 2007, to 96.5.
For the OECD area, which engolba 29 countries, the fall was 0.7 point month to month and from 5.2 points in the annual comparison. The indicator for the United States declined 0.2% month to month.