OECD GDP Growth Continues Steady Pace in the Second Quarter of 2024
Thursday, 22 August 2024, 20:16
OECD GDP Growth Trends in Q2 2024
OECD GDP growth continues at a steady pace, with notable contributions from private consumption and investment.
Private Consumption and Investment
- Private consumption increased by 1.0% in Q2 after a previous decline of -0.6% in Q1.
- Investment experienced a growth of 1.7% compared to -0.9% in the earlier quarter.
Regional Growth Insights
Growth accelerated in the United States from 0.4% in Q1 to 0.7% in Q2, indicating a positive economic shift.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.