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19/2/16: OECD Data Sums Up the ‘Repaired’ Advanced Economies State of Disaster
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
trueeconomics.blogspot.com / Constantin Gurdgiev / February 19, 2016
Just because everything has been so thoroughly repaired when it comes to the Advanced Economies, growth of real GDP in the OECD area has been falling for three consecutive quarters through 4Q 2015. Of course, you wouldn’t know as much if you listen to exhortations of Europe’s leaders, but… per OECD latest statistical update, in 2Q 2015, q/q real GDP growth across the advanced economies was 0.6%, falling to 0.5% in 3Q 2015 and to 0.2% in 4Q 2015. Which puts 4Q 2015 growth of 0.2% at lowest level since 1Q 2013.
In the U.S., economic growth slowed to 0.2% in the fourth quarter, against 0.5% in the third quarter, marking second consecutive quarter of growth slowdown. Small uptick in UK growth to 0.5% in 4Q 2015 still puts end of 2015 growth rate at below 1Q 2010-present average and at joint second lowest reading since 1Q 2013.
The post 19/2/16: OECD Data Sums Up the ‘Repaired’ Advanced Economies State of Disaster appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/19/19216-oecd-data-sums-up-the-repaired-advanced-economies-state-of-disaster/
