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GDP in the OECD area rose by 0.6% in the first quarter of 2007
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30/05/2007 - Gross domestic product (GDP) in the OECD area rose by 0.6% in the first quarter of 2007, down from 0.8% in the previous quarter, according to preliminary estimates.
In the United States GDP grew by 0.3% in the first quarter of 2007, the lowest growth rate observed since the first quarter of 2003. Japan's GDP rose by 0.6%, considerably less than the 1.2% growth recorded in the previous quarter. GDP in the euro area rose by 0.6%, down from 0.9% in the previous quarter.
Among the Major Seven countries GDP growth in the first quarter of 2007 ranged from 0.2% in Italy to 0.7% in the United Kingdom.
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The next issue of this press release is scheduled for the fourth week of August 2007.
For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org; others should contact the Statistics Directorate on stat.contact@oecd.org.
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