The Organization for Economic Cooperation and Development is expecting global economic growth to accelerate in the coming months as the recovery regains momentum, according to The Wall Street Journal. The think-tank said on Monday that its leading indicator of economic activity for the 33 member countries moved to 102.8 in November from 102.6 previously, marking the third straight monthly increase. The group said the rise suggests “an increasing pace of economic expansion,” which would mark the end of a lull in the global recovery.
The OECD forecasts that China, the U.S., France, and Japan will lead the pickup in economic growth, which are showing “clear signs of accelerating economic activity.” Russia, Germany, Canada, Italy, the U.K., and India should all maintain the current rate of growth, while the leading indicators suggest only Brazil is facing a slowdown. The Group of Seven developed nations are expected to fair well, as are the five leading Asian economies.
