Economic Buzz: OECD GDP Rises By 0.3% In June Quarter

30 Aug 2022 , 03:46 PM

In the second quarter (Q2) of 2022, gross domestic product (GDP) in the Organisation for Economic Co-operation and Development (OECD) rose by 0.3 per cent quarter-on-quarter (QoQ) according to provisional estimates, equal to the growth in the previous quarter. In the G7, QoQ GDP growth increased slightly in Q2 2022, by 0.2 per cent, compared with zero growth in Q1 2022. GDP growth was negative in the United States and the United Kingdom (both minus 0.1 per cent), and GDP growth in Germany slowed down sharply (0.1 per cent compared to 0.8 per cent in the previous quarter). On the other hand, growth turned positive in Japan and France (0.5 per cent) and picked up pace in Italy (1.0 per cent) and Canada (1.1 per cent), OECD said in a press release.Powered by Commodity Insights