The GDP growth of the OECD countries slowed in the second quarter in a quarter-on-quarter comparison

According to data published on the OECD website on Monday, annual economic growth in the second quarter slowed to 1.5 percent in the OECD after 1.6 percent in the first quarter.

The economic growth of the G7 countries accelerated to 0.5 percent in the three months ending at the end of June compared to the first quarter, when the expansion was more modest, 0.4 percent. However, the picture was mixed: Japan’s GDP growth accelerated sharply to 1.5 percent from 0.9 percent in the first quarter, and France’s from 0.1 percent to 0.5 percent. The economy of the United States accelerated more modestly, from 0.5 percent to 0.6 percent, and that of Great Britain from 0.1 percent to 0.2 percent in the second quarter. Economic growth in Canada slowed from 0.8 percent to 0.3 percent, while Germany’s stagnated after two consecutive quarterly declines. Italy’s GDP shrank by 0.3 percent in the second quarter after a 0.6 percent increase in the first quarter.