OECD GDP growth slows to 0.6% in the third quarter of 2010
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22/11/2010 - Gross domestic product (GDP) in the OECD area grew by 0.6% in the third quarter of 2010. This marks the sixth consecutive quarter of growth, but is down on the 0.9% recorded in the second quarter.
Euro area and European Union GDP grew by 0.4%, down from the 1.0% recorded in the previous quarter. At 0.7%, growth in Germany remained relatively robust but this was still sharply down on the record 2.3% growth recorded in the previous quarter. GDP growth also slowed in France (0.4%), Italy (0.2%) and the United Kingdom (0.8%). Growth rates accelerated in Japan (0.9%) and, marginally, in the United States (0.5%), compared to the previous quarter.
The next issue of this press release is scheduled for the third week of February 2010.
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