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FX.co ★ U.S. and Japan lead economic recovery

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Forex Humor:::2013-06-13T13:57:00

U.S. and Japan lead economic recovery

The Organization of Economic Cooperation and Development emphasized in its annual report that the U.S.A. and Japan have overcome the economic crisis aftermath most successfully. The economies of these countries are considered as the principal ones in the world, they are still stable with a high development rate and a positive growth trend. All that shows that the fight against the crisis has ended in victory. “The major developed economies are gradually gaining momentum led by faster growth in Japan and the United States,” - the OECD report goes. It is underlined by their leading indicators showing the steady economic activity. However, the estimates in the eurozone are still rather pessimistic. As the analysts of the organization noted, Germany's indicator suggested that growth is returning to trend, while the French economy has shown no change. Meanwhile, there is a disappointing prognosis on Russia and Southeast Asia. The growth in Russia is losing momentum, whereas India’s GDP remains below trend. According to the report, Japan tops the rating with its leading indicator at 101.1 points. India and Russia are at the bottom of the list with 97.3 and 98.5 correspondingly.

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