The Organization of Economic Cooperation and Development (OECD) predicted Monday that economic activities in its member countries are set to peak in the coming months.
"The OECD composite leading indicators (CLIs) for July 2010 point to clearer signs of a moderation in the pace of expansion compared to last month's assessment," the Paris-based organization said in a news release.
"Tentative signals have also emerged that the expansion phases of Germany and Russia may soon peak," said the organization, which embraces 33 member countries, including major industrial countries as well as Poland, Mexico, and South Korea.
The composite leading indicators (CLIs) in the eurozone remained unchanged at 104.1 points in July on a month-on-month basis, while France witnessed a drop in its CLI by 0.4 percent to 102.3 points, it said.
The OECD expected Germany to boost its economic performance after recording a 0.2-percent rise in its CLI, and predicted an eventual economic downturn mainly in Italy, Canada and Britain.