Indictors indicate a steady growth for the U.S. eurozone and Japan.
According to the leading indicators of the OECD, the economic rebound from the Pandemic plunge is expected to be moderate in Canada, Germany, Italy and the UK.
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The Organisation for Economic Co-operation and Development's Composite Leading Indicators in November and December signalled the approach of a post-pandemic peak, and its latest measure suggests that peak has now passed for those economies.
The OECD said there was a drop in momentum among major OECD economies for Canada, Germany, Italy and the United Kingdom.
The indicators show that Japan, the eurozone and the United States have stable growth.
The OECD measures look at things such as order books, confidence, building permits, new car registrations and long-term interest rates to get a sense of economic activity over the next six to nine months.
The organization warns that uncertainties from the COVID 19 s spread, especially the Omicron variant, could result in higher than usual fluctuations in its indicator.