OECD Leading Indicators for January

The OECD Composite Leading Indicators for January are out. Below are results for the world's four biggest economies. Notably, only US is growing but loosing steam.

This indicator is not telling us anything we don't already know. World economy is experiencing slowdown as has been signaled by commodities and Baltic Dry Index:

The current economic expansion has been artificially boosted by bringing future demand forward. This course may be reaching its limits.