OECD sees improvement in US, China economies

PARIS: The pace of economic growth has stabilised in the world's leading industrialised states, with a pick-up noted in the United States and China and moderation in Germany and Japan, the Organisation for Economic Cooperation and Development said yesterday.

The OECD, in another report yesterday, said a strong economic recovery in Asean nations was now losing steam. The OECD said its index of composite leading indicators showed that for the United States, China and to a lesser extent France showed signs of improvement in October compared to September.