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SWIFT Index points to lacklustre growth in the OECD economies

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The latest data from SWIFT Index shows the Q3 2012 “nowcast” for OECD GDP at 1.2 per cent year-on-year, unchanged from the August nowcast.

The forecast for Q4 2012 is +1.1 per cent, also unchanged from the previous forecast.

The index, which was first announced in Q3 2011, acts as a fact-based indicator of the evolution of the aggregate gross domestic product (GDP) of OECD countries.

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