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OECD, GDP accelerates in the second quarter: best performers for UK and Italy

(Teleborsa) – Based on some provisional estimates, Bill subordinate OECD region Remained below pre-pandemic levels, despite exponential growth in Second Quarter 2021By 1.6%, compared to 0.6% in the previous quarter. For the seven largest economies as a whole, the Paris-based Organization for Economic Co-operation and Development identified, growth rose from 0.4% to 1.6%, but with strong variations from country to country.

It was the biggest growth recorded since then United kingdom (4.8% vs. at least 1.6% in the previous quarter), followed byItaly (2.7% vs. 0.2% in the previous quarter). GDP also grew among the other big names in the global economy, but to a lesser degree: in United States of America, as well as in GermanyGrowth rose 1.6% versus 1.5% and -2%, respectively, in the previous quarter. in a France and in Japan GDP grew 0.9% and 0.3%, respectively, after 0% and -0.9% in the previous quarter. In the Eurozone and the European Union, the figure turned positive by 2% and 1.9%, respectively, after declining by -0.3% and -0.1% in the previous quarter.

If we compare the economic activity of the second quarter of 2021 with i pre-pandemic levels (Q4 2019), GDP is still 0.7 percentage point lower in the OECD region. Among the seven largest economies, the UK sees the largest gap (-4.4%), followed by Italy (-3.8%), France and Germany (-3.3%). The United States is the only major economy to actually return to pre-pandemic levels in the second quarter, with GDP exceeding pre-pandemic levels by 0.8 points.

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(Foto: © gilc | 123RF)

Earl Warner

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