(Bloomberg) -- The growth-cycle outlook is steadily increasing for the world’s leading economies with the gradual lifting of lockdown measures and progress in vaccinations, the OECD said. The organization’s Composite Leading Indicators, which tend to precede economic turning points by about six months to nine months, continue to expand for the group’s 38 members as a whole and in some large emerging-market economies. The OECD cautioned that despite the improvements in containing the spread of Covid-19, its measures should still be interpreted with care and may say more about the signal than the degree of actual economic growth.

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