- The Washington Times - Thursday, August 20, 2009

PARIS (AP) | The Organization for Economic Cooperation and Development said Wednesday that the economies of its 30 member nations representing the developed world stabilized overall in the second quarter as Japan, France and Germany returned to growth, making up for laggards Britain and the United States.

The organization said member gross domestic product (GDP) was flat in the three months through June from the previous quarter, when it shrank 2.1 percent.

But compared with a year earlier, the organization’s collective economy is 4.6 percent smaller.

The Paris-based watchdog of industrialized nations said that Japan’s economy grew 0.9 percent quarter-on-quarter, while the French and German economies expanded by 0.3 percent. GDP in the United States fell by 0.3 percent over the period and by 0.8 percent in Britain.

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