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- OECD GDP doubled in the 3rd quarter
OECD GDP doubled in the 3rd quarter
Real gross domestic product of the Member States of the Organization for Economic Cooperation and Development has grown significantly in the third quarter, data showed today.
GDP growth accelerated to to 0.6 percent from 0.3 percent in the second quarter. Growth accelerated in most major economies of the group of seven, with the exception of the UK and Germany, where growth slowed in the third quarter.
In the United States the growth improved to 0.7 percent compared with 0.4 percent in the previous quarter.
The growth also improved in Japan to 0.5 percent from 0.2 percent, and in France and Italy 0.3 percent and 0.2 percent, respectively. In the eurozone, growth was steady at 0.3 percent.
In annual terms, GDP growth of OECD countries was 1.7 percent, little changed compared with the previous quarter at 1.6 per cent.
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