OECD: Private consumption sees slowest growth rate in at least 2-years

According to the Organisation for Economic Co-operation and Development (OECD), slower Q1 2017 growth in OECD area was led by a drop in household consumption and business investment.

Additional headlines (via LiveSquawk):

   •  Private consumption sees slowest growth rate in at least 2-years 
   •  Drivers of GDP growth varied across the Major Seven economies
   •  Q1 2017 US GDP growth slowed to 0.4% reflecting destocking, offset by investment & recovery in net exports
   •  Despite stock building, UK growth hampered by fall in net exports & moderate fall in household consumption
   •  Japan saw better consumption offset by destocking that continued to drag GDP growth down
   •  Pick-up in German growth driven by higher contributions from net exports, investment and private consumption
   •  The global economic growth is likely to reach 3.5% in 2017 – the highest level of the past 6 years