Yesterday the Organisation for Economic Cooperation and Development, which represents 34 countries, announced that GDP growth among these more developed economies had slowed to 0.2% during the second quarter, down marginally from 0.3% during the first quarter -- a very anemic growth rate overall.
Although latest rates were not announced for all of the OECD countries, I made the following chart, with the countries sorted by GDP size, to get a picture of growth on a per-country basis.
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| data from www.oecd.org |
According to this data, the following countries had negative economic growth:
- Japan
- Australia*
- Norway*
- Portugal*
- Denmark*
* Based on Q1 data
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