Economic growth slows down crediting

Date: May 28, 2015 Posted by: todorbb In: Uncategorized

Economic growth in developed countries has slowed for the second consecutive quarter in early 2015, the Organization for Economic Cooperation and Development (OECD) today, as recovery from the financial crisis remains weak and uneven. According to the organization’s total gross domestic product (GDP) of all 34 Member States increased by only 0.3% in the first quarter of this year compared to the previous three months. This is the weakest growth since the first quarter of 2014 is mainly due to the weak US data, many analysts expect the revised results show even GDP contraction.

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