The growth of real gross domestic product (GDP) in the OECD area slowed to 0.4% in the third quarter of 2015, compared to 0.6% recorded in the second quarter, according to provisional figures.
Real GDP growth decelerated in most of the major seven economies, except for France where it rebounded to 0.3% in the third quarter, after recording virtually no growth in the second quarter. In Japan, GDP continued to register a contraction of 0.2% for the second consecutive quarter.
In the United States, economic growth sharply slowed to 0.4%, compared to 1.0% in the previous quarter. Growth also slowed in the United Kingdom (to 0.5%, compared to 0.7% in the previous quarter).
In Germany and Italy, real GDP growth slightly slowed to 0.3% and 0.2%, respectively, after rates of 0.4% and 0.3% in the previous quarter.
In the European Union, GDP growth remained stable at 0.4% in the third quarter of 2015, while it slightly decelerated in the Euro area (0.3%, down from 0.4% in the second quarter of 2015).
On an annual basis, the GDP growth of the OECD area slowed to 2.0% in the third quarter of 2015, down from 2.2% in the previous quarter.
