OECD says global growth slowing

Countries that have been growing strongly, including Japan, Russia and the US, are set to slow down towards their long-term trend rate, according to a report out yesterday from the Organisation for Economic Co-operation and Development (OECD). Meanwhile, economies like the UK, Brazil, China and the Eurozone are expected to fall below their long-term trend growth rates. The Eurozone’s score fell from 99.9 in August to 99.1 in September. The UK fell from 99.8 to 99.0, while the US slowed from 101.5 to 101.2. China, India, Indonesia, Japan and South Korea together declined from 99.3 to 99.0. A score of 100 represents the long-term trend rate.