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OECD GDP growth slows to 0.4% in fourth quarter of 2016

 Gross Domestic Product
Percentage change on the previous quarter, s. a.


20/02/2017 - Real growth of gross domestic product (GDP) in the OECD area decelerated slightly to 0.4% in the fourth quarter of 2016, compared with 0.5% in the previous quarter, according to provisional estimates. 

Among Major Seven economies, growth picked up in Germany and France in the fourth quarter of 2016, to 0.4%, compared with 0.1% and 0.2% respectively in the previous quarter, and remained stable in the United Kingdom, at 0.6%. However, growth slowed sharply in the United States (to 0.5%, down from 0.9%) and also, albeit slightly, in Japan and Italy (to 0.2%, compared with 0.3% in the previous quarter).


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