The momentum of economic growth weakened
 
For Economic Cooperation and Development (OECD), headquartered in Paris, July 9 The leading index report shows that the emerging economies of the organization's growth slowdown in the rate than overall economic growth of member speed slowed. In emerging economies, China, India and Russia, the leading index continued to decline, indicating that the growth momentum significantly reduced, but the Russian index is still higher than the long-term average of 100 points, while the leading index in Brazil is growing five months, showing inflection point after the economy continues to goes to the line trend.
 
As the world's sixth largest economy, Brazil, the beginning of the development of economic growth target of 5%, but a quarter of a 0.8% increase in the "BRIC countries" in the end at the edge of recession.
 
The industry continues to shrink, manufacturing five consecutive quarters of decline, down 4.3% in May alone, the unemployment rate remains high. The ideal is that inflation rates have dropped in June this year, Brazil's inflation rate fell to 4.92 percent.
 
Asia's third-largest economy in India in the first quarter economic growth rate of only 5.3 percent, the lowest quarterly growth rate in the past nine years, is also India's economic growth for eight consecutive quarterly decline, the economy is considered to have a "hard landing".
 
India's energy shortage, the government too much emphasis on stimulating consumption while ignoring the impact of investment on macroeconomic, stimulate consumption of a single-engine out of control, lack of economic ability to repair. Fortunately, India's inflation rate in June dropped to 7.25 percent, the core inflation rate below 5%, and provide space to the central bank implementation of loose monetary policy.
 
Slow down China's economic growth rate since 2011, last year's four quarters were 9.7%, 9.5%, 9.2% and 8.9% economic growth rate of 7.8 percent in the first half of this year, which for the first quarter 8.1% in the second quarter of 7.6% is the minimum of three years.
 
Major emerging economies of Russia's economy performed better the first half of this year, a growth rate of 4.9 percent in the first quarter, second quarter data is not yet officially announced, according to Minister of Economic Development Belousov estimates in the second quarter economic growth of approximately 3.9%, an increase of 4.4 percent in the first half. In 2011, Russia's economic growth rate of 4.3%.
 
Adequate reserve funds of the Russian government, the ability to repay debts, Standard & Poor's raised its rating from the original A -3 A -2, while maintaining the BBB or long-term credit rating, the rating outlook remains "stable". However, the country's economic over-reliance on oil and gas and other raw materials exports.
 
Relatively speaking, the more robust economic growth in the Middle East and North African countries, these countries benefit from domestic support in the oil production; not subject to external financial shocks affect national economic growth in Sub-Saharan Africa is also relatively strong.



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