LOGO
LOGO

European Economic News

OECD Area GDP Expands In Q1

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Organization for Economic Cooperation and Development (OECD) area expanded in the first quarter, but the overall gross domestic product figure masks a wide spectrum of growth rates across countries.

Provisional estimates published by the OECD on Tuesday showed that GDP rose 0.4 percent sequentially, after staying flat a quarter ago.

Real GDP growth accelerated in Japan and the United States to 0.9 percent and 0.6 percent respectively, compared with 0.3 percent and 0.1 percent in the previous quarter, it said.

In the United Kingdom and Germany, GDP grew by 0.3 percent and 0.1 percent, rebounding from the contractions of 0.3 percent and 0.7 percent in the previous quarter. The pace of contraction slowed in the euro area to -0.2 percent from -0.6 percent.

On a yearly basis, the OECD area expanded 0.8 percent, the same rate as seen in the previous quarter.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

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.

Latest Updates on COVID-19