OECD Raises Second Quarter Growth Estimate
Gross domestic products in OECD countries increased by an average of 0.9% in the three months through June, the organization said, according to Bloomberg News. The OECD previously estimated second quarter growth of 0.7%.
The figures showed a wide range of growth among OECD member nations. In the U.S., growth was 0.4%, while Germany posted an expansion of 2.2%, and the U.K. grew by 1.2%.