GDP growth slows down in the OECD area in the second quarter, falling to 0,2% from 0,4% in the first quarter. To weigh, explains the Paris organization, the trend of private consumption which contributed only 0,1% to the growth of the GDP compared to 0,3% in the previous quarter.
Italy's GDP, according to the OECD, is in line with the first quarter and records a decrease of 0,8%. In Germany and Italy, always explains the international organization, net exports continued to contribute positively to the growth of the GDP. However, in both countries this contribution slowed down: in Germany it was 0,3% compared to 0,7% in the previous quarter while in Italy it was 0,2% compared to 1,1% in the first quarter . German GDP grew by 0,3% against 0,5% in the previous quarter.
In Japan, the significant drop in the contribution of registered consumption was the main cause of the slowdown in GDP growth, which fell to 0,2% from 1,3% in the previous quarter. Over United States the GDP recorded +0,3% against +0,5% in the first quarter. In Canada growth remained stable at 0,5%. Zero growth for France, in line with the previous quarter. In the United Kingdom the economy recorded a decline of 0,4% against the -0,3% previously recorded.
