Corporate banking may suffer from slower expansion

A slow-down of economic expansion has been predicted, which could mean falling profits for corporate and private banking groups.

The Organisation for Economic Co-operation and Development (OECD) today (July 8th) released composite leading indicators (CLI) for May, which indicate global markets will continue to expand, but at a slower pace than earlier predicted.

Corporate banking may see its turnover drop if clients are affected by slackening business.

CLI for the OECD area rose by 0.1 point over the period, making May the tenth consecutive month of economic deceleration.

Canada, the UK and Brazil were reported as showing ’tentative signs’ of a peak, while France, Italy, China and India gave firmer indications of high points in the growth cycle.

Russia and the United States were among the nations where data revealed economic expansion was likely to slow.

Established in 1961, the OECD aims to support employment, living standards and financial stability among its 31 members and worldwide. ADNFCR-2318-ID-19882400-ADNFCR