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OECD GDP growth falls to 0.4% in first quarter of 2017

Gross domestic product
Percentage change on the previous quarter, s.a.

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22/05/2017 - Quarterly growth of real gross domestic product (GDP) in the OECD area decelerated sharply to 0.4% in the first quarter of 2017, compared with 0.7% in the previous quarter, according to provisional estimates. 

Among the Major Seven economies, in the first quarter of 2017, growth slowed markedly in the United Kingdom (to 0.3%, compared with 0.7% in the previous quarter) and the United States (to 0.2%, compared with 0.5%). Growth also slowed in France (to 0.3%, down from 0.5%) and remained at 0.2% in Italy. On the other hand, growth picked up in Germany, to 0.6%, and Japan, to 0.5%.

  

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