OECD: Russia's economy is slowing down

According to OrIn Russia, there has been a slowdown in economic growth.

Russia is closely tied to emerging markets India and China, whose economies are showing signs of failure. The Paris-headquartered economic organization announced that in June the composite leading indicator index (CLI), showing growth in economic activity, declined in Russia to 99.5 (-100.3 in May). The CLI continues to point to a slowdown in activity in China and India. The overall index for the 33-country OECD area fell to 100.3, after a stable 100.4 from February to May, indicating a correction in growth. The only country where the index improved was the United Kingdom, where the CLI rose to 99.9 from 99.8.
"Composite indices ... continue to point to weakening economic activity in the largest OECD member countries and slowing economies in most large, non-OECD countries," the organization said.
As for the euro area, the composite indices of France and Germany continue to point to weak growth and Italy to the risk of a slowdown. In the euro zone, the CLI fell from 99.5 to 99.4.

Based on foreign press for ForTrader.org