Destocking drags down OECD GDP growth in fourth quarter of 2012
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04/04/2013 - Real GDP in the OECD area fell 0.1% in the fourth quarter of 2012, compared with growth of 0.3% in the third quarter. Destocking was the main driver, dragging down growth by 0.3 percentage point. A contraction in government consumption reduced GDP growth by a further 0.1 percentage point. Contributions from private consumption, gross fixed capital formation and net exports only partially offset these falls.