GDP Growth - Second quarter of 2019, OECD | WPN World People News

Growth of real gross domestic product (GDP) in the OECD area slowed to 0.5% in the second quarter of 2019, compared with 0.6% in the previous quarter, according to provisional estimates.

Note: Growth rates presented in this chart are based on data with more than one decimal.

Among the Major Seven economies, GDP growth slowed markedly in the United Kingdom (to minus 0.2% from 0.5% in the previous quarter) and in Germany (to minus 0.1% from 0.4%).

GDP growth also decelerated, but more moderately, in the United States and Japan (to 0.5% and 0.4%, respectively, from 0.8% and 0.7% in the previous quarter) and, marginally, in France and Italy (to 0.2% and 0.0%, respectively, from 0.3% and 0.1%).

GDP growth also slowed in the European Union and the euro area (to 0.2% compared with 0.5% and 0.4%, respectively, in the previous quarter).

Year-on-year GDP growth for the OECD area slowed marginally to 1.6% compared with 1.7% in the previous quarter. Among the Major Seven economies, the United States recorded the highest annual growth (2.3%), while Italy recorded the lowest annual growth (0.0%).

Source: Organisation for Economic Co-operation and Development