Advanced economies pick up speed in second quarter: OECD
PARIS (AFP) - Growth in advanced economies picked up speed in the second quarter, rising to 0.5 per cent from 0.3 per cent at the beginning of the year with a sharp recovery in the eurozone, the OECD said on Thursday.
The increase was driven by the United States, Germany and Britain, and a big bounce by France, the Organisation for Economic Cooperation and Development (OECD) said on the basis of provisional data.
But the Japanese economy slipped back.
The OECD is a research and policy forum for 34 leading democratic economies.