Economic growth in the OECD slowed to 0.2% in the third quarter, two tenths less than in the second, with different developments between member countries and a significant drop in activity in Japan.
The Organization for Economic Cooperation and Development (OECD), which published this Thursday, the 20th, aggregate data from the countries for which it has statistics, pointed out that in year-on-year terms growth in the third quarter was 1.5%, two tenths less than in the previous quarter.
If the third quarter is considered in isolation, Japan suffered a 0.4% drop in Gross Domestic Product (GDP), after having increased 0.6% between April and June, due to the decrease in exports, indicated the OECD.
In the absence of data from the United States, another of the most significant developments was the acceleration of activity in France, with an increase of 0.5% between July and September, after an increase of 0.3% in the second quarter.
Spain’s growth in the third quarter, at 0.6%, tripled the OECD and euro zone average and was the seventh highest of the 25 countries for which statistics are available.
The biggest increase was recorded by Israel (3%, after a 1.1% drop between April and June), followed by Costa Rica (1.3% after a 2% increase), Portugal and Slovenia (both 0.8%).
Regarding the year-on-year evolution up to the third quarter, the biggest increase in GDP was that of Ireland (12.3%), followed by Costa Rica (5.1%), Poland (3.7%) and Israel (3.5%).