Fourth consecutive quarter of GDP growth in the OECD area
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31/05/2010 - Gross domestic product (GDP) in the OECD area rose by 0.7% in the first quarter of 2010, the fourth consecutive quarter of growth for the area.
Strong GDP growth continued in the United States (0.8%) and Japan (1.2%). GDP growth was more subdued in both the Euro area and the European Union (0.2%). Italy returned to positive GDP growth in the first quarter of this year (0.5%), after the small decline of the previous quarter, while the pace of the recovery eased in both France and the United Kingdom and was unchanged in Germany.
Gross domestic product
Percentage change on the previous quarter, seasonally adjusted data
* Latest quarter not yet available
Link to underlying data - Source: Quarterly National Accounts: Quarterly growth rates of real GDP
The next issue of this press release is scheduled for the third week of August 2010.
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