
Real gross domestic product (GDP) in the OECD area grew by 0.4% in the second quarter of 2015, down slightly from 0.5% in the first quarter, according to provisional estimates.
The United Kingdom and the United States recorded the highest GDP growth rates of the Major Seven economies picking up to 0.7% and 0.6% respectively in the second quarter, compared with 0.4% and 0.2% in the previous quarter.
In Germany, real GDP growth accelerated marginally to 0.4%, following a rate of 0.3% in the previous quarter.
Growth slowed markedly in the second quarter of 2015 in Japan with GDP contracting by 0.4% compared with growth of 1.1% in the previous quarter, and in France where growth was flat compared with 0.7% in the previous quarter.
In Italy, growth decelerated marginally to 0.2%, compared with 0.3% in the previous quarter.
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