OECD:
Euro zone growth gaining pace, others stable
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[March 09, 2015] PARIS,
March 9 (Reuters) - The euro zone is increasingly contributing to an
improvement in global economic growth prospects, according to a
forward-looking indicator the Organisation for Economic Co-operation and
Development published on Monday.
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The OECD said its leading indicator, designed to detect changes in
economic prospects, showed "positive change in growth momentum in
the euro area and stable growth momentum in most other major
economies and the OECD area as a whole."
The indicator, expressed as an index where 100 denotes the long-term
average, rose to 100.7 for the euro zone as a whole from 100.6 in
the preceding month's report, and rose also for the OECD group of
mostly wealthy economies, to 100.4 from 100.3.
The U.S. reading was stable at 100.2 and for Japan it stayed at
99.8. In large non-OECD economies, the index rose to 99.1 in China
from 99.0. It edged higher too in Brazil and India but fell in
Russia to 99.3 from 99.5.
Within the euro zone, the reading for Germany rose to 99.7 from 99.6
while in France it rose to 100.6 from 100.5. It nudged higher too in
Italy, to 101.2 from 101.0.
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(Reporting by Brian Love; Editing by Mark John/Ruth Pitchford)
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