The combined real gross domestic product of the member countries of the Organization for Economic Cooperation and Development grew at a slower pace in the three months ended September, preliminary data showed Thursday.
Real GDP of the 34 member countries advanced 0.4 percent quarterly in the third quarter, slower than the 0.6 percent expansion in the preceding three-month period.
The latest rate of expansion was the weakest since the second quarter of 2014, when it grew the same 0.4 percent.
Year-over-year, economic growth slowed to 2.0 percent in the September quarter from 2.2 percent in the previous quarter.
On a quarterly basis, real GDP growth decelerated in most of the major seven economies, with the exception of France.
The Japanese economy contracted for the second successive quarter in the third quarter. In the United States, GDP growth eased strongly to 0.4 percent from 1.0 percent.
In the European Union, GDP growth remained stable at 0.4 percent in the third quarter, while it slowed marginally in the euro area. UK also witnessed growth slowdown in the third quarter.
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