OECD area GDP rises in Q1

Economic performance in the Organization for Economic Cooperation and Development area increased in the first three months of 2013, however, the overall figure masks wide spectrum of results, the organization showed in a report. The OECD's GDP rose 0.4% in the Q1, when GDP in the U.S. and Japan added 0.9% and 0.6%, respectively, while the EU17's GDP showed contractions of 0.2% in the Q1 after falling by 0.6% in the Q4.