U.S. & Japan Register Slower GDP Growth than Other OECD Countries in 2010
The Organization for Economic Development reports that gross domestic product in the OECD area rose by 0.7% in the second quarter of 2010, the same rate as in the previous quarter. Real GDP grew by 1% in both the euro…
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area and the European Union driven by record growth of 2.2% in Germany. GDP growth was 1.1% in the United Kingdom; 0.6% in France; and 0.4% in Italy. By contrast, GDP growth in Japan and the U.S. slowed to 0.1% and 0.6% respectively.