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- Preliminary real GDP in the OECD area climbs 0.4% in the third quarter
Preliminary real GDP in the OECD area climbs 0.4% in the third quarter
The Organization for Economic Cooperation and Development (OECD) released its preliminary real gross domestic product (GDP) growth figures on Thursday. Real GDP of 34 OECD member countries rose 0.4% in the third quarter, after a 0.6% gain in the second quarter.
Real GDP of the United States was down to 0.4% from 1.0%, real GDP of Germany fell to 0.3% from 0.4%, while Britain's economy decreased to 0.5% from 0.7%.
GDP of China remained unchanged at 1.8% in the third quarter.
GDP of France increased to 0.3% from 0.0%, Italy's economy decreased to 0.2% from 0.3%, while Japan's GDP contracted by 0.2%.
Eurozone's economy expanded at 0.4% in the third quarter, after a 0.4% rise in the second quarter.
On a yearly basis, GDP of 34 OECD member countries was up 2.0% in the third quarter, after a 2.2% gain in the previous quarter.
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