Downturn expected in the OECD

Wealthy states remain on course for an economic downturn, the Organisation for Co-operation and Economic Development said yesterday. The OECD’s leading indicators, which attempt to forecast changes in the economy six months ahead, decline for the fifth straight month in August. The indicator fell 0.5 points for the OECD as a whole. The UK’s indicator sank below the 100 point line, which marks its long-term average.