Further employment opportunities could result from growth in gross domestic product (GDP) across the Organisation for Economic Co-operation and Development (OECD) region.

Latest figures from the Paris-based body show a 0.9 per cent increase in GDP over the second quarter of 2010 compared with the previous three months.

The OECD report states that gross fixed investment among member countries has "rebounded" quarter-on-quarter at a stronger pace than previously forecast, contributing 0.4 percentage points to the overall growth total.

It marks the first increase in this category since early 2008, before the financial markets crisis, expanding at its fastest rate since 2000.

Meanwhile, private consumption added 0.3 percentage points to the total and government consumption 0.1 percentage points, as inventories were built up in the wake of the downturn and growth in domestic demand continued.

The OECD reported last month that the unemployment rate across the region remained stable in July 2010 at 8.5 per cent, down slightly from May's 8.6 per cent.

Posted by Lee Thrace