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MNI BRIEF: European Growth Likely To Slow Further - OECD

(MNI) London
(MNI) London

OECD see lower Growth in Germany, France, Italy and UK, although US and China seen steady

True

Growth is continuing to slow across Europe and stabilise across the rest of the globe, the latest leading indicators from the Organisation for Economic Cooperation and Development show.

Surging inflation and declining manufacturing expectations are weighing on growth outlooks across Europe, with the May CLIs indicating growth losing momentum in the euro area as a whole, including in France, Germany and Italy, as well as in the UK.

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Growth is continuing to slow across Europe and stabilise across the rest of the globe, the latest leading indicators from the Organisation for Economic Cooperation and Development show.

Surging inflation and declining manufacturing expectations are weighing on growth outlooks across Europe, with the May CLIs indicating growth losing momentum in the euro area as a whole, including in France, Germany and Italy, as well as in the UK.

Keep reading...Show less