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- OECD: G20 area expands at 0.7% in the first quarter
OECD: G20 area expands at 0.7% in the first quarter
The Organization for Economic Co-operation and Development (OECD) released its economic growth figures for G20 area on Thursday. The G20 area expanded at 0.7% in the first quarter, after a 0.8% gain in the fourth quarter.
Eurozone's growth was 0.4% in first quarter. Germany's and the United Kingdom's economy climbed by 0.3% each in the first quarter, while France's economy grew by 0.6.
The United States' economy contracted 0.1% in first quarter, while Canada's economy shrank 0.1%.
Growth in China declined to 1.3% in the first quarter from 1.5% in the previous quarter, India's economy grew 2.1%.
On a yearly basis, the G20 area expanded at 3.3% in the first quarter, after a 3.2% in the fourth quarter.
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