OECD growth slows again

Growth in leading world economies slowed for the fourth consecutive quarter, gaining just 0.2 percent in the three months to June, an OECD indicator showed on Monday. In the April-June period, output of the 33 countries in the Organisation for Economic Co-operation and Development grew 0.2 percent after 0.3 percent in the first quarter.
Compared with a year earlier, OECD economies grew 1.6 percent in the second quarter, down sharply from 2.4 percent in the first, the organisation said. According to the OECDE, eurozone powerhouse Germany slowed to 0.3 percent in the second quarter from 1.3 percent in the first and France stalled at zero growth after 0.9 percent. Britain slowed to 0.2 percent from 0.5 percent. However, the United States picked up to 0.3 percent from 0.1 percent in the first previous quarter.