The G20’s economic performance declined in record terms in the first quarter

By: Trademagazin editor Date: 2020. 06. 11. 11:03

As a result of measures to curb the new coronavirus pandemic, the G20 of the world’s 19 largest economies and the European Union saw an unprecedented decline in gross domestic product (GDP) in the first quarter.

According to a report released by the Organization for Economic Co-operation and Development (OECD) on Thursday, the performance of the economy fell by 3.4 percent in January-March from the previous quarter in the group producing more than 80 percent of world GDP. (MTI)