The economic performance of OECD member countries plummeted in the second quarter
According to a report by the Paris-based intergovernmental organization published on Wednesday, gross domestic product (GDP) in OECD member countries fell by 9.8 percent in April-June, compared to the previous quarter. It is the worst figure since the data collection began.
The previous record was measured at the peak of the global financial and economic crisis in the first quarter of 2009, but even then the economic performance of OECD member countries fell by only 2.3 percent. (MTI)
Related news
Producer prices in the euro area and the European Union decreased month-on-month and increased year-on-year in April
Producer prices in the eurozone and the European Union (EU)…
Read more >OECD slightly downgrades global GDP growth forecast for this year and next
The Organization for Economic Co-operation and Development (OECD) has marginally…
Read more >A new era in the global economy? – New challenges for our country
May 2025 brought an acceleration of change in the global…
Read more >Related news
Promotions, prices, alternatives – promotions and Hungarian households
Tünde Turcsán, managing director of YouGov spoke about how Hungarian…
Read more >K&H: investors will receive a missing compass
The K&H Securities – Investor Sentiment Index has been launched,…
Read more >Inflation in Austria fell to 3.0 percent in May
In Austria, the annual rate of consumer prices rose by…
Read more >