Germany and the United Kingdom drive stronger GDP growth in the European Union but, growth slows in Japan and the United States
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18/08/2010 - Gross domestic product (GDP) in the OECD area rose by 0.7% in the second quarter of 2010, the same rate as in the previous quarter. Real GDP grew by 1% in both the euro area and the European Union driven by record growth of 2.2% in Germany; its highest rate since reunification. GDP growth was 1.1% in the United Kingdom, up from 0.3% in the previous quarter; 0.6% in France, up from 0.2%; and 0.4% in Italy, unchanged from the previous quarter. By contrast, GDP growth in Japan and the United States slowed to 0.1% and 0.6% respectively, compared with 1.1% and 0.9% in the previous quarter.
Gross domestic product
Percentage change on the previous quarter, seasonally adjusted data
* Latest quarter not yet available
Link to underlying data - Source: Quarterly National Accounts: Quarterly growth rates of real GDP
The next issue of this press release is scheduled for the third week of November 2010.
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