Possible slowdown in China, robust growth elsewhere: OECD
2011-04-11 16:40:16
There are signs of robust expansion in most advanced economies but a "possible moderation" of China's surging economic activity, the OECD said in a report Monday.
Indicators from February "continue pointing to robust expansion relative to trend in Germany and the United States and a possible regained momentum in France and Canada," the Organization for Economic Co-operation and Development said.
However this composite of leading indicators "for China points to a possible moderation in economic activity," it added.
China, which last year overtook Japan as the number-two economy, has already set a growth target of eight percent for 2011, and is aiming for seven percent a year from 2011 to 2015.
The OECD suggested Britain is heading for "a slow but stable pace of expansion".
The organisation said it was not in a position to provide reliable estimates for Japan which is currently recovering from a devastating earthquake and tsunami which has left several economic unknowns.