OECD area GDP growth doubles in Q3Staff Writer | November 22, 2016
Real gross domestic product of the member countries of the Organization for Economic Cooperation and Development area picked up markedly in the third quarter.
OECD countries GDP growth doubled to 0.6
In the United States, growth improved to 0.7 percent from 0.4 percent in the previous quarter.
Growth also picked up in Japan, to 0.5 percent from 0.2 percent, and in Italy and France, GDP growth improved to 0.3 percent and 0.2 percent, respectively. In the euro area, growth was stable at 0.3 percent.
Year-on-year, GDP growth for the OECD area came in at 1.7 percent, marginally up from 1.6 percent in the previous quarter. ■