GDP growth in OECD countries slowed in the first quarter
GDP grew by 1.1 percent in the third quarter of last year, 1.7 percent in the second quarter, and 0.8 percent in the first quarter.
More narrowly, the G7 economy contracted 0.1 percent in the first quarter of this year after rising 1.2 percent in the previous three months. Within this, US GDP fell 0.4 percent (up 1.7 percent in the fourth quarter), Japan fell 0.2 percent (0.9 percent), according to the OECD website.
Related news
Hungary has plenty of work to do in the regional “long-distance running”
Based on the ten- and twenty-year trends – one of…
Read more >In the OECD, inflation stagnated in February
In the countries belonging to the Organization for Economic Cooperation…
Read more >IMF: this year’s outlook for the world economy has improved minimally
According to the International Monetary Fund (IMF), overall, this year’s…
Read more >Related news
KSH: Gross average earnings were HUF 605,400 in February 2024, 14.0 percent higher than a year earlier
In February 2024, the gross average earnings of those employed…
Read more >Sándor Czomba: 566 micro, small and medium-sized enterprises receive capacity-building support
566 people successfully applied for the capacity expansion support aimed…
Read more >UN: worldwide food insecurity continued to increase last year
The insecurity of the food supply has increased further in…
Read more >