The Gross Domestic Product (GDP) of the Organization for Economic Cooperation and Development (OECD) countries grew 1.2% in the fourth quarter of 2021 compared to the third, according to an initial estimate released this Monday (21) by the entity based in Paris.
The result represents a slight acceleration from the 1.1% rise in the previous three months.
In the G-7, GDP expanded 1.2% in the quarterly comparison between October and December, led by the increase in the United States (+1.7%), Canada (+1.6%) and Japan (+1 .3%), according to the OECD.
The organization highlights that major European economies slow down, including France (up +0.7%, from +3.1% in the previous quarter) and Italy (up 0.6%, from +2.6%).
Germany registered a contraction of 0.7%, while the United Kingdom had an increase of 1.0%.
In this period, Canadian GDP surpassed the pre-pandemic level, joining the US and France.
“GDP in other G-7 countries remained below pre-pandemic levels, with the biggest difference in Germany, still 1.5% below the level recorded in the fourth quarter of 2019”, highlights the OECD.
The entity adds that, in 2021 as a whole, OECD GDP grew by 5.5%, after a contraction of 4.6% in 2020.
Source: CNN Brasil
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