OECD leading indicator shows China economy weakening even more

Paris

CHINA'S economy is losing steam and other big emerging market economies such as Brazil and Russia are also showing signs of weakness, the Paris-based Organisation for Economic Co-operation and Development (OECD) said on Tuesday.

While growth in the eurozone looks stable, it seems to be tapering in the US, UK and Canadian economies, albeit from relatively high levels for mature economies of their kind, the OECD said in its latest report on a forward-looking indicator it compiles monthly.