{"id":44701,"date":"2024-08-22T20:06:59","date_gmt":"2024-08-22T20:06:59","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter"},"modified":"2024-08-22T20:39:29","modified_gmt":"2024-08-22T20:39:29","slug":"oecd-area-gdp-increases-0-5-in-2nd-quarter","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter","title":{"rendered":"OECD area GDP increases 0.5% in 2nd quarter"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>The gross domestic product (GDP) in the Organization for Economic Cooperation and Development (OECD) area increased 0.5% in the second quarter of 2024, compared to the first quarter, according to data released on Thursday.<\/p>\n

The figure followed a 0.5% quarterly growth in the first quarter of this year, data from the Paris-based organization showed.<\/p>\n

The GDP growth in the G7 countries accelerated to 0.5% in April-June, compared to 0.2% in January-March.<\/p>\n

Japanese economy grew 0.8% quarter-on-quarter in the three months to June, shifting from a contraction of 0.6% in the previous period.<\/p>\n

Growth gained pace in the US from 0.4% in the first quarter to 0.7% in the second quarter, led by a hike in private consumption<\/p>\n

The German economy, on the other hand, contracted slightly by 0.1% in April-June, following a 0.2% growth in January-March.<\/p>\n

Growth also slowed slightly in Italy and the UK in the second quarter to 0.2% and 0.6% respectively, compared with 0.3% and 0.7% in the prior quarter.<\/p>\n

Israel, which launched a war on Gaza last October, experienced the most significant slowdown, with its quarterly GDP growth falling from 4.1% in the first quarter to 0.3% in the second quarter.<\/p>\n

By contrast, the OECD countries showing the highest growth in the three months to June were Poland, with 1.5%, Costa Rica and Ireland (1.2% in both countries) and the Netherlands (1%).<\/p>\n

On an annual basis, GDP in the OECD increased 1.8% in April-June, slightly up from 1.7% in January-March.<\/p>\n

For More News And Analysis About Mauritius Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. The gross domestic product (GDP) in the Organization for Economic Cooperation and Development (OECD) area increased 0.5% in the second quarter of 2024, compared to the first quarter, according to data released on Thursday. The figure followed a 0.5% quarterly growth in the first quarter of this year, data from the Paris-based […]<\/p>\n","protected":false},"author":84,"featured_media":44700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[2918,241,2853],"class_list":{"0":"post-44701","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-all-news","8":"category-economy","10":"tag-mauritius","11":"tag-oecd"},"yoast_head":"\nOECD area GDP increases 0.5% in 2nd quarter - Mauritius<\/title>\n<meta name=\"description\" content=\"The gross domestic product (GDP) in the Organization for Economic Cooperation and Development (OECD) area increased 0.5% ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OECD area GDP increases 0.5% in 2nd quarter\" \/>\n<meta property=\"og:description\" content=\"The gross domestic product (GDP) in the Organization for Economic Cooperation and Development (OECD) area increased 0.5% ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-22T20:06:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-22T20:39:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1724342882.405867.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"OECD area GDP increases 0.5% in 2nd quarter\",\"datePublished\":\"2024-08-22T20:06:59+00:00\",\"dateModified\":\"2024-08-22T20:39:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter\"},\"wordCount\":241,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1724342882.405867.jpg\",\"keywords\":[\"GDP growth\",\"Mauritius\",\"OECD\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oecd-area-gdp-increases-0-5-in-2nd-quarter\",\"name\":\"OECD area GDP increases 0.5% in 2nd quarter - 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