OECD Sees Continued Slowing in China and India

“PARIS (Reuters) – China and India have entered more marked economic slowdowns while growth continues to moderate in most major industrial economies, the OECD said on Monday.

The Paris-based economic think-tank said its composite leading indicator for China, which provides a measure of future economic activity, eased to 99.2 in May from 99.4 in April, slipping further away from the long-term average of 100.

For India, the indicator fell to 97.8 from 98.0, also below the long-term average of 100.

“Composite leading indicators … point to an easing of economic activity in most major OECD economies and a more marked slowdown in most major non-OECD economies,” the Organisation for Economic Cooperation and Development.”

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