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
Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >In the OECD, inflation increased in May
In the countries belonging to the Organization for Economic Cooperation…
Read more >Fitch Ratings: stronger than previously expected global economic growth is expected this year
Stronger-than-expected world economic growth is likely for this year, according…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >