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Sluggish demand slows OECD GDP growth in the fourth quarter of 2011
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05/04/2012 - Real GDP growth in the OECD area slowed to 0.2% in the fourth quarter of 2011, compared to 0.6 % growth in the previous quarter. All major components of final demand contributed to the slowdown except changes in inventories, whose contribution increased from -0.2 percentage point in the third quarter to 0.0 percentage point in the fourth quarter. While growth in private consumption, investment and net exports slowed in the fourth quarter, the contributions remained positive. Government consumption contracted in the fourth quarter, dragging overall GDP growth down by 0.1 percentage point.
The pattern of a broad-based slowdown in demand components in the fourth quarter differed at the national level, reflecting in part differences in economic growth rates.
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Link to underlying data - Source: Quarterly National Accounts: GDP Contributions to real GDP growth |
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Next publication date: first week of July 2012 |
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