World economy slowing down—OECD

PARIS—Leading indicators all point to a slowdown in the world’s major developed economies, the OECD said on Monday.

The composite index of leading indicators, designed to highlight turning points in performance, “points to a slowdown in economic activity in all major economies but with some variation” in individual countries, it said in a regular monthly report for December.

Indicators for the United States, China and Canada “continue pointing to slowdowns in economic activity around long-term trends but with only marginal declines compared to last month,” the Organization for Economic Cooperation and Development said.

For Japan and Russia, indicators suggest activity above long-term trends but with signs now of slowing.

Indicators for the 17-nation eurozone as a whole, including France, Germany, Italy, Britain, India and Brazil, “continue pointing strongly to economic activity falling below long-term trend,” it added.