THE Organisation for Economic Co-operation and Development's (OECD) outlook for the global economy shows signs of "a mild loss of growth momentum" for major economies in the next few months.
Month-to-month, the economic growth of its 34 affluent member states was unchanged in a reading of 103, a 100 reading is the break-even point between expansion and contraction, with the United States a 0.1 percentage point higher from March.
Its non-members Brazil, Russia, India and China (BRIC) were showing signs of slowing with lower readings. Russia showed its first sign of a loss of momentum with moderation in China, and slowdowns in both Brazil and India.
The only member of the euro zone with steady expansion was Germany while France and Italy experienced a slowdown. Outside of the euro zone, Britain's slow but steady expansion was noted while Japan was given no reading following its natural disasters in March.
Its optimistic outlook last month dampened analysts growth estimates due to the weak economic activity of the US and Europe.
Source : HKSG.
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