OECD economies average 0.7 percent growth in second quarter
Wednesday, August 18, 2021 10:06 AM

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PARIS, Aug. 18, 2010 (Xinhua News Agency) -- The Organization for Economic Cooperation and Development (OECD) Wednesday said the average GDP of its 32 member states rose by 0.7 percent in the second quarter this year.

The increase in gross domestic product in the three months to June was the same rate as in the previous quarter. Real GDP grew by 1 percent in the European Union, driven by record growth of 2.2 percent in Germany, the Paris-based advisory agency said in a report.

Britain's GDP rose to 1.1 percent from 0.3 percent in the first quarter, while the it grew to 0.6 percent from 0.2 percent in France and remained unchanged at 0.4 percent in Italy.

By contrast, the GDP growth in Japan and The United States slowed to 0.1 percent and 0.6 precent, respectively, compared with 1.1 percent and 0.9 percent in the first quarter.

 

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