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- Real GDP in the OECD area climbs 0.3% in the first quarter
Real GDP in the OECD area climbs 0.3% in the first quarter
The Organization for Economic Cooperation and Development (OECD) released its real gross domestic product (GDP) growth figures on Tuesday. Real GDP of 34 OECD member countries rose 0.3% in the first quarter, after a 0.5% gain in the fourth quarter.
Real GDP of the United States was down to 0.1% from 0.5%, real GDP of Germany declined to 0.3% from 0.7%, while Britain's economy slowed to 0.3% from 0.6%.
GDP of France climbed to 0.6% from 0.0%, Italy's economy increased 0.3%, while Japan's GDP was up to 0.6% from 0.3%.
Eurozone's economy expanded at 0.4% in the first quarter, after a 0.3% rise in the fourth quarter. On a yearly basis,
GDP of 34 OECD member countries was up to 1.9% in the first quarter from 1.8% in the previous quarter.
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