The Organization for Economic Cooperation and Development grew 0.4 percent sequentially in the first quarter, the Paris-based organization said Friday. The growth rate improved slightly from 0.3 percent in the fourth quarter of 2011.
However, the total GDP continues to mask diverging patterns among member countries.
Japan and the United States expanded 1 percent and 0.5 percent, respectively. Meanwhile, economic activity remained weak in the euro area and the European Union as a whole.
On a yearly basis, the OECD area expanded 1.6 percent in the first quarter, faster than the 1.4 percent increase a quarter ago.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.