The Organization for Economic Co-operation and Development (OECD) said that the G20’s Gross Domestic Product (GDP) increased by 0.7% in the first quarter of this year, compared with the previous quarter.
In the fourth quarter of 2021, the increase was 1.3% compared to the previous quarter, so the picture is one of deceleration.
In a statement, the OECD says that the loss of breath is mainly due to the weaker performance of the United States, with a contraction of 0.4% in GDP in the first quarter, after an increase of 1.7% in the fourth quarter.
In Australia and Indonesia there was also a more accentuated deceleration, with a less intense loss of breath in Canada, China, India, Italy, South Korea, Turkey and the United Kingdom.
France and Japan had a contraction of 0.2% and 0.1%, respectively.
Despite the trend of the G20 as a whole, some countries, such as Brazil, Germany, Mexico, Saudi Arabia, South Africa, as well as the European Union as a whole, had higher growth in the first quarter of 2022 than in the fourth quarter of 2021, according to the OECD.
Saudi Arabia grew 2.6% from the previous quarter in the first quarter, the highest result among the G20 economies, driven by the oil sector, the statement said.
Source: CNN Brasil
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