Economic Buzz: Economic Growth Accelerates In OECD Area

capital market | Mumbai | October 05, 2017 17:33 IST

Economic Buzz: Economic Growth Accelerates In OECD Area

Real economic growth in the Organization for Economic Co-operation and Development (OECD) area accelerated in the second quarter driven by private consumption and investment. Real GDP rose 0.7% in the second quarter, faster than the 0.5% growth in the previous quarter. Contributions from private consumption and investment increased to 0.5% and 0.3%, respectively. In the United States, GDP growth rose to 0.8% mainly reflecting a stronger contribution from private consumption and stock-building.

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