OECD: Most Global Economies Could Slow Further

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　　The Paris-based Organization for Economic Cooperation and Development said Thursday that the leading economic indicators¹ for China show that the world's second largest economy have dropped in the last month and point to a slowdown.  OECD also said it recorded a decline in India, Indonesia, Japan and South Korea.

　　The 34-nation group, representing some of the world's largest economies, found falling economic fortunes in the 17-nation European bloc² that uses the common euro currency, including in Germany, with Europe's most robust³ economy. Europe has been struggling to cope with a two-year governmental debt crisis.

　　But OECD said the economies in the U.S., the world's largest, Japan and Russia are "showing stronger signs of a positive change in momentum⁴."

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