The Organization for Economic Cooperation and Development (OECD) released its preliminary real gross domestic product (GDP) growth figures on Thursday. Real GDP of 34 OECD member countries rose 0.4% in the first quarter, after a 0.4% gain in the fourth quarter.
Real GDP of the United States was down to 0.1% from 0.3%, real GDP of Germany rose to 0.7% from 0.3%, while Britain’s economy decreased to 0.4% from 0.6%.
GDP of France increased to 0.5% from 0.3%, Italy’s economy was up to 0.3% from 0.2%, while Japan’s GDP climbed to 0.4% from -0.4%.
Eurozone’s economy expanded at 0.5% in the first quarter, after a 0.3% rise in the fourth quarter.
On a yearly basis, GDP of 34 OECD member countries was down 1.8% in the first quarter, after a 2.0% gain in the previous quarter.
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