RSS   Newsletter   Contact   Advertise with us
Post Online Media
OECD   Real GDP growth decelerated in major economies

OECD GDP growth slows to 0.4% in the third quarter of 2015

OECDGrowth of real gross domestic product (GDP) in the OECD area slowed to 0.4% in the third quarter of 2015, down from 0.6% in the second quarter.

Article continues below


READ MORE OECD area GDP growth doubles in Q3

Real GDP growth decelerated in most of the Major Seven economies, with the exception of France, where it rebounded to 0.3% in the third quarter, up from flat growth in the second quarter. In Japan, GDP continued to contract by 0.2% for the second consecutive quarter.

In the United States economic growth slowed strongly to 0.4% in the third quarter, compared with 1.0% in the previous quarter. Growth also slowed in the United Kingdom (to 0.5%, compared with 0.7% in the previous quarter).

In Germany and in Italy, real GDP growth slowed marginally to 0.3% and 0.2%, respectively, down from 0.4% and 0.3% in the previous quarter. In the European Union, GDP growth remained stable at 0.4% in the third quarter of 2015, while it slowed marginally in the euro area (0.3%, down from 0.4% in the second quarter of 2015).

Year-on-year GDP growth for the OECD area slowed to 2.0% in the third quarter of 2015, down from 2.2% in the previous quarter. Among the Major Seven economies, the United Kingdom (2.3%) and the United States (2.0%) continued to record the highest annual growth rates (although down on the rates of 2.4% and 2.7%, respectively, in the previous quarter).

Italy continued to record the lowest annual growth rate (0.9%), although it was up on the previous quarter (0.6%).



What to read next
 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy