OECD Countries Show Strong Quarterly Growth

Gross domestic product rose 0.8% in the 30 OECD members from 0.6% in the third quarter of 2009.

Leading industrialized countries showed a strong pick-up in growth in the fourth quarter of 2009, driven by the United States and Japan but momentum slowed in the eurozone, the OECD said on Feb. 17.

Adjusted gross domestic product rose 0.8% in the 30 OECD members from 0.6% in the third quarter of 2009.

Compared with the fourth quarter of 2008 growth shrank 0.7% after an annual contraction of 3.4% in the third quarter of last year.

The Organization for Economic Cooperation and Development said that in fourth quarter 2009, growth expanded 1.4% in the United States from the previous three months and 1.1% in Japan.

But in the eurozone momentum slowed to 0.1% from 0.4% in the third quarter.

For all of 2009, gross domestic product in OECD members shrank by 3.4%, the first decline since records began in 1960.

Copyright Agence France-Presse, 2010

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