The Organisation for Economic Cooperation and Development has said leading euro zone countries and China are showing clear signs of slowdown while the United States and Japan could also be slipping towards a downward slope.
The OECD identified France, Germany, China, India and Brazil as countries that were already on a path of slowdown on the basis of leading indicators pointing towards future trends.
It found the United States, Japan and Russia were at turning points following a period of growth.
However the OECD said Japanese data should be ‘interpreted with some caution’ owing to the difficulty in interpreting data because of disruption caused by the earthquake in March.
Last month, the indicators signalled slowing growth by OECD countries with the exception of the United States.
In May, the organisation forecast 4.2% growth this year across the 34 countries belonging to the OECD, but said that growth in the richer member countries would be 2.3%.
