The quote below is the official press release text.
“Stable growth momentum is anticipated in the euro area as a whole, including France and Italy, as well as in Japan and Canada. Signs of stabilising growth momentum are now also emerging in the United States, Germany and the United Kingdom, where large margins of error remain due to continuing Brexit uncertainty. Among major emerging economies, stable growth momentum remains the assessment for Brazil, Russia and China (for the industrial sector). On the other hand, the CLI for India continues to point to easing growth momentum.” (OECD – Paris, 9 December 2019)
Regardless of October being a turning all the numbers are suggesting that growth momentum is stabilising in all key economies including Germany. For now it looks like the policy action from central banks have stopped the bleeding. Add to this announced fiscal stimulus by Japan last week and South Korea last month. In addition Europe is planning large green investments next year. The fiscal impulse could lift growth momentum into 2020. If this is the case then on the margin that is net positive for Donald Trump’s aspirations for being re-elected.