Economy

Quarterly National Accounts - GDP Growth - Second Quarter 2012, OECD

 

OECD GDP growth slows to 0.2% in second quarter of 2012

 

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27/08/2012 - Provisional estimates show that quarter-on-quarter growth in gross domestic product (GDP) in the OECD area slowed to 0.2% in the second quarter of 2012, compared with 0.5% in the previous quarter.

GDP growth fell sharply in Japan (to 0.3%, compared with 1.3% in the previous quarter) and continued to slow in the United States (to 0.4%, compared with 0.5% in the previous quarter). In both the Euro area and the European Union as a whole, GDP contracted by (minus) 0.2% after having been stable   in the first quarter.

Gross domestic product

Percentage change on the previous quarter, seasonally adjusted data

 

Note: Growth rate presented in this chart are based on data with more than one decimal.

Link to underlying data - Source: Quarterly National Accounts: Quarterly growth rates of real GDP

 

       
 

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Next publication date: 21 November 2012

 
 

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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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More information on quarterly national accounts at www.oecd.org/std/qna
 

 

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