GDP growth in the OECD slows to 0.6% in the third quarter

Economic growth in the OECD slowed in the third quarter with a rise in gross domestic product (GDP) of 0.6%, two tenths less than between April and June.

Paris, Nov 20 (EFE) .- Economic growth in the OECD slowed in the third quarter with a rise in gross domestic product (GDP) of 0.6%, two tenths less than between April and June.

The Organization for Economic Co-operation and Development (OECD) said today that if you look at the G7 countries - the only ones for which disaggregated data exist - that deceleration was especially marked in Japan, with an increase of 0.3%, three tenths less than in the previous quarter.

In the US and France fell one tenth, to 0.7 and 0.5 respectively, while in Germany (0.8%) and in Italy (0.5%) it rose two, and in the United Kingdom it advanced one, up to 0.4%.

The OECD noted in the European Union as in the euro zone growth fell by one tenth, to 0.6%.

At the inter-annual level, however, an increase in GDP in the entire OECD of 2.6% was found comparison with the third quarter of 2016, compared to 2.4% in the second quarter.

In the European Union and the eurozone there was a respective increase of one and two tenths, up to 2.5% while among the G7 countries the most notable increase, of five, was recorded by Germany, up to 2.8%.

The OECD did not have data from Canada, but in the US the year-on-year progress from 2.2% in the second quarter to 2.3% in the third, in the United Kingdom it remained stable (+1.5%), it rose one in Japan (1.6%), three in Italy (1,