RSS   Newsletter   Contact   Advertise with us
Post Online Media
Growth patterns   The United Kingdom and the United States are growing strongly

OECD GDP growth stable at 0.4 percent in Q1

OECD GDPGrowth of real gross domestic product (GDP) in the OECD area was unchanged, at 0.4%, in the first quarter of 2016.

But there are diverging growth patterns across major economies, according to provisional estimates.

READ MORE OECD area GDP growth doubles in Q3

In the United Kingdom and the United States, growth decelerated to 0.4% and 0.1%, respectively in the first quarter, compared with 0.6% and 0.3% in the previous quarter.

Growth remained volatile in Japan with GDP rebounding strongly (up 0.4%) following the contraction of 0.4% in the previous quarter.

In Germany and France, growth accelerated to 0.7% and 0.5%, respectively in the first quarter, compared with 0.3% in both countries in the previous quarter. Growth also picked up marginally in Italy, to 0.3% compared with 0.2% in the previous quarter.

In the European Union and the euro area GDP growth also picked up, to 0.5%, compared with 0.4% and 0.3%, respectively in the previous quarter.

Year-on-year GDP growth for the OECD area slowed to 1.8% in the first quarter of 2016, down from 2.0% in the previous quarter.

Among the Major Seven economies, the United Kingdom (2.1%) and the United States (1.9%) continued to record the highest annual growth rates, while growth was nil in Japan.




What to read next





More inside POST
 
 

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