9
Nov
Major economies 'all recovering'
Major economies across the world are showing strong signs of
recovery, the Organisation for Economic Co-operation and
Development (OECD) has said.
The OECD's leading indicators "point strongly" to growth in
Italy, France, the UK and China.
The Canadian and German economies are also displaying "tentative
signals of expansion", the organisation said.
The report will provide some cheer for the UK, which is still
stuck in its longest recorded recession.
While other major economies such as the US, France, Germany and
Japan have all started growing again, the UK economy contracted by
0.4% between July and September.
But the OECD rates the UK as one of just four major economies
indicating expansion.
Any rising score above 100 in the organisation's scores
indicates expansion. Italy scored 105.6, France 104.6, the UK 103.9
and China 103.2.
Italy also showed the biggest rise in its score compared with a
year earlier.
source: bbc.co.uk/news 9th Noveberm 2009