Italy black shirt from the OECD zone. Growth slows down again and GDP is set to fall. The data released today by the organization that brings together the major market economies of democratic systems showed that gross domestic product slowed down to +2011% in the fourth quarter of 0,2, down from +0,6% in the previous quarter. Much below the average is the Italian GDP, which contracted by -0,7% after the -0,2% recorded in the previous three months of the year. It is the worst result among the countries of the reference area.
other countries in the area. Negative data also for Germany, where GDP contracted by 0,2% compared to +0,6% in the previous three months and France is no exception, slowing down to +0,2% compared to +0,3% of the third quarter. In the United Kingdom, the GDP recorded a -0,3% compared to +0,6% in the period. The GDP of the United States instead accelerates and grows by 0,7% compared to +0,5% at the beginning of the year. Bad news also for the Japanese gross domestic product, which dropped from +1,7% to -0,2%.
A crisis that affects everyone. The OECD points out that globally all the main components of final demand contributed to the slowdown, except for the change in inventories, which did not change after a 0,2% drop in the third quarter. Private consumption, investment and exports are also slowing down. While public spending contracted, causing a 0,1% drop in GDP growth.
