The Organization for Economic Cooperation and Development (OECD) has
announced that gross domestic product (GDP) growth in the OECD area in the
fourth quarter last year slowed to 0.2 percent, down from 0.5 percent recorded
in the previous quarter, while the year-on-year GDP growth figure in the fourth
quarter slowed to 1.8 percent, down from 2.1 percent in the previous quarter.
In 2015, GDP rose by two percent, up from 1.8 percent in 2014. Compared with
the same period of 2014, in the fourth quarter last year the largest increase
in GDP growth in the OECD area was recorded in the UK at 1.9 percent, followed
by the United States with a 1.8 percent growth rate, while Japan recorded the
lowest annual growth rate at 0.7 percent. Compared with the previous quarter,
in the fourth quarter the UK saw its GDP growth rate increase to 0.5 percent,
while the United States saw its GDP growth rate decrease to 0.2 percent. In
Germany, GDP growth was stable at 0.3 percent compared to the third quarter.
Japan’s GDP growth fell to -0.4 percent in the fourth quarter, while France’s
GDP growth decreased to 0.2 percent, compared to 0.3 percent in the third
quarter. In the fourth quarter, in the EU-28 region GDP growth fell to 0.3
percent, while GDP growth in the euro area was stable at 0.3 percent, both
compared to the third quarter.
Seko Machinery
Company's manager Mr.Xiao Yuanping said, "This shows
that world economic growth is slowing as a whole, so we need more efforts to
sales our products"(INOX pipe making machine, Decorative tube mill,Welding
pipe polishing machine, and so on).
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