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GDP Growth - First quarter of 2021, OECD
OECD
area slowed to 0.3% in the first quarter of 2021, down from 1.0% in the previous quarter, according to provisional estimates. This slowdown is partly related to the strengthening of COVID-19 containment measures in some countries in early 2021.
For the
M
ajor Seven economies as a whole, GDP growth slowed to 0.4% in the first quarter of 2021 (from 0.9% in the previous quarter), with quite divergent patterns across countries.
In
United Kingdom and Japan, GDP fell sharply, contracting by (minus) 1.7%, (minus) 1.5% and (minus) 1.3%, respectively, compared with growth of 0.5%, 1.3% and 2.8% in the previous quarter. In
Italy, GDP continued to contract, but to a lesser extent (minus 0.4% compared with minus 1.8% in the previous quarter).
GDP Growth - First quarter of 2021, OECD
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GDP Growth - Fourth quarter of 2020, OECD
OECD GDP growth slows to 0.7% in the fourth quarter of 2020, with year-on-year falls for almost all countries
OECD
For the
M
ajor Seven economies as a whole, GDP growth slowed to 0.8% in the fourth quarter of 2020, with quite divergent patterns across countries. GDP growth remained positive in
Japan (3.0%),
Germany (0.1%). In the other Major Seven economies,
Italy and France, GDP fell (minus 2.0% and minus 1.3%, respectively), after strong rebounds in the previous quarter (16.0% and 18.5%, respectively).
In the
euro area and the
European Union, GDP contracted in the fourth quarter of 2020 by (minus) 0.6% and (minus) 0.4% respectively, following rebounds of 12.4% and 11.5% in the previous quarter.