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GDP Growth - Third quarter of 2017, OECD

 

OECD GDP growth slows to 0.6% in third quarter of 2017

 

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20/11/2017 - Quarterly growth of real gross domestic product (GDP) in the OECD area slowed to 0.6% in the third quarter of 2017, compared with 0.8% in the previous quarter, according to provisional estimates. 

Among the Major Seven economies, GDP growth slowed markedly in Japan (to 0.3%, compared with 0.6% in the previous quarter) and, albeit marginally, in the United States (to 0.7%) and France (to 0.5%). On the other hand, growth picked up in Germany (to 0.8%, compared with 0.6%), Italy (to 0.5%, up from 0.3%) and marginally in the United Kingdom (to 0.4%, up from 0.3%).  

In the European Union and the euro area, growth slowed marginally to 0.6% (down from 0.7%). 

Year-on-year GDP growth for the OECD area accelerated to 2.6% in the third quarter of 2017, compared with 2.4% in the previous quarter. The United Kingdom recorded the slowest growth (1.5%) among the Major Seven economies, slipping from second highest in mid-2016..

‌‌OECD GDP growth slows to 0.6% in third quarter of 2017‌‌‌‌‌‌

Note: Growth rates 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: 19 February 2018

 
 

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Contacts
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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