Charity investments may rise as European GDP exceeds forecast

Charity investments could be set to rise thanks to the news gross domestic product (GDP) in Organisation for Economic Co-operation and Development (OECD) nations improved more than expected during the second quarter of the year.

Incorporating countries such as the US, Japan and many European Union member states, real GDP rose 0.9 per cent during the three months in question, higher than the 0.7 per cent previously predicted.

And charity investments might benefit as a result, with businesses and individuals feeling less concerned about the state of their finances and potentially more inclined to bestow money on third-sector organisations.

Gross fixed investment offered the most support to growth data, adding 0.4 percentage points overall, with the increase in asset outlay the first since early 2008.

The group revealed yesterday (October 5th) inflation in OECD countries was steady at 1.6 per cent in August, with consumer prices rising at the same rate as the previous month. ADNFCR-2318-ID-800101495-ADNFCR