Economic Buzz: OECD Area GDP Growth Accelerates In Q2

capital market | Mumbai | October 05, 2017 17:42 IST

Economic Buzz: OECD Area GDP Growth Accelerates In Q2

Driven by private consumption and investment, real economic growth in the Organization for Economic Co-operation and Development area accelerated in the second quarter. Real GDP climbed 0.7 percent in the second quarter, faster than the 0.5 percent growth seen in the previous quarter. Contributions from private consumption and investment increased to 0.5 and 0.3 percentage point, respectively. Meanwhile, the contraction in net exports pulled real growth down by 0.1 percentage point. At the same time, contributions from government consumption and stock-building remained negligible.

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