OECD economic growth slowed in the first quarter

By: Trademagazin editor Date: 2021. 05. 20. 11:05

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The combined economic growth of OECD member countries slowed significantly in the first quarter of this year, compared to the last quarter of last year.

According to the website of the Organization for Economic Co-operation and Development (OECD), GDP growth was 0.3 percent in the three months to the end of March, lower than the 1 percent expansion of three months earlier. The slowdown in growth was caused by the re-introduction of restrictive measures in several OECD countries due to another wave of the coronavirus pandemic, which slowed economic growth. (MTI)