Composite leading indicators continue to point to growth convergence in most major economies
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This Statistics Brief analyses revisions to quarterly GDP growth rates for 18 OECD countries from the fourth quarter of 1994 to the fourth quarter of 20132. It looks at the magnitude of the revisions to economic growth and its underlying expenditure components.
Private consumption, main driver of OECD GDP growth in the first quarter of 2015
OECD annual inflation up to 0.6% in May 2015
OECD Unit Labour Costs up 0.5% in the first quarter of 2015
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Evidence from the OECD Wealth Distribution Database for 18 OECD countries highlights large differences in wealth holdings across OECD countries. Moreover, wealth inequality is much larger than income inequality due to financial assets that are very unequally distributed and mainly accrue to top income and top wealth households.
G20 GDP growth slows slightly to 0.7% in first quarter of 2015
OECD unemployment rate stable at 6.9% in April 2015
Composite leading indicators point to growth convergence in most major economies