Poor exports pulls down Q2 GDP in OECD - Taxindiainternational.com

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Poor exports pulls down Q2 GDP in OECD By TII News Service Oct 07, 2011 , Paris
AS per latest OECD study, the real GDP rose by 0.3% in the Q2. Gross fixed investment was the main contributor, adding 0.2 percentage point to overall growth. The contribution from private consumption continued to slow in the second quarter of 2011. At 0.1 percentage point the contribution from private consumption fell to its lowest level since the second quarter of 2009. The negative contribution from net exports reduced overall GDP growth by 0.1 percentage point.

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