OECD Says Major Economies Losing Growth Momentum

Major economies, with the exception of the United States, are losing momentum as the outlook for growth worsens in European and developing countries, the OECD's leading indicator for April showed on Tuesday. The Paris-based Organization for Economic Cooperation and Development said its composite leading indicator for member countries stalled in April to stand unchanged at March's level of 103.0 points. The indicator for the euro area fell to 102.8 from 103.1. Brazil, China, India and Russia, which are not members of the OECD, also registered lower readings. Continue reading the article.