OECD Quarterly National Accounts - Second Quarter 2008

GDP in the OECD area rose by 0.2% in the second quarter of 2008

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20/08/2008 - Gross domestic product (GDP) in the OECD area rose by 0.2% in the second quarter of 2008, down from 0.5% in the previous quarter, according to preliminary estimates.

In the United States GDP grew by 0.5% in the second quarter of 2008, higher than in the previous quarter. Japan's GDP declined by 0.6%, the largest quarterly decrease observed since the third quarter of 2001. GDP in the euro area declined by 0.2%, down from 0.7% in the previous quarter.etc.

The next issue of this press release is scheduled for the third week of November 2008.

For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org; others should contact the Statistics Directorate on stat.contact@oecd.org.

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