OECD paints weaker picture
The world's largest economies are faltering, a series of indicators from the OECD showed yesterday.
The Paris-based think tank's Composite of Leading Indicators (CLIs) for May showed activity below long-term trend in France, Germany, Canada, Italy and the UK.
The eurozone as a whole is struggling. The indicators also showed dissipating momentum in the US, Russia and Japan.
The CLIs also pointed to a deepening slowdown in the emerging powerhouses of China and India.
Central banks across much of the world loosened policy to support growth. The People's Bank of China and the European Central Bank cut rates. The Bank of England voted to inject £50bn more into the economy. Investors are waiting to see if the US Federal Reserve follows suite.
- 1 Jeremy Clarkson 'sees no problem' with his racist language on Top Gear, says BBC
- 2 'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
- 4 London restaurant 34 creates champagne glass modelled on Kate Moss’ left breast
- 5 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
Bin bag full of cats' heads discovered near Manchester's Curry Mile
iJobs Money & Business
£30000 - £50000 per annum: Harrington Starr: Junior Quant Analyst - C++, Boost...
£30000 - £50000 per annum: Harrington Starr: Junior Quant Analyst (Machine Lea...
£30000 - £40000 per annum + benefits+bonus+package: Harrington Starr: C#.NET ...
£20000 - £30000 per annum + benefits+bonus+package: Harrington Starr: Junior D...