Real GDP growth in the OECD area accelerated slightly to 0.5% in the third quarter of 2016, compared with 0.4% in the previous quarter. Contributions from private consumption and investment slowed to 0.2 and 0.0 percentage point respectively (down from 0.5 and 0.1 in the previous quarter) while net exports and especially stockbuilding drove GDP growth up (0.1 percentage point each in the third quarter of 2016, compared with 0.0 and minus 0.2 respectively in the previous quarter). Contribution from government consumption was stable at 0.1 percentage point for the seventh consecutive quarter.
Relevant Posts
- Graham, Carol, (2016), “GDP growth — is it “good enough” or does it distort policymaking?”, Brookings, 5 October
- Caldera Sánchez, Aida, Röhn, Oliver, (2016), “How do policies influence GDP tail risks?”, OECD, 16 November