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- Preliminary real GDP of 20 OECD member countries falls to 0.2% in the fourth quarter
Preliminary real GDP of 20 OECD member countries falls to 0.2% in the fourth quarter
The Organization for Economic Cooperation and Development (OECD) released its preliminary real gross domestic product (GDP) growth figures on Friday. Real GDP of 20 OECD member countries fell to 0.2% in the fourth quarter from 0.5% in the third quarter.
Real GDP of the United States was down to 0.2% in the fourth quarter from 0.5% in the third quarter, real GDP of Germany remained unchanged at 0.3%, while Britain's economy increased to 0.5% from 0.4%.
GDP of France decreased to 0.2% from 0.3%, while Japan's GDP dropped to -0.4% from 0.3%.
Eurozone's economy expanded at 0.3% in the fourth quarter, after a 0.4% rise in the third quarter.
On a yearly basis, GDP of 20 OECD member countries was up 1.8% in the fourth quarter, after a 2.1% gain in the previous quarter.
In 2015 as whole, GDP of 20 OECD member countries increased 2.0%, after a 1.8% growth in 2014.
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