According to provisional estimates from the Organisation for Economic Co-operation and Development (OECD) gross domestic product (GDP) in the OECD rose by 0.4% quarter-on-quarter in the first quarter of 2023, slightly up from 0.2% growth in the previous quarter. Quarterly OECD growth rates have been weak since the first quarter of 2022.<\/p>\n
In the G7, quarter-on-quarter GDP growth remained at 0.3% in Q1 2023. GDP growth recovered in Canada, Japan and France (to 0.6%, 0.4% and 0.2%, respectively, compared with flat growth in all three countries in the previous quarter). Growth also picked up in Italy to 0.5% following a contraction of 0.1% in Q4 2022 and was flat in Germany following a contraction of 0.5%. However, GDP growth slowed in the United States (to 0.3%, compared with 0.6%) and it was unchanged in the United Kingdom at 0.1%.<\/p>\n
Of the OECD countries closest (geographically) to the war in Ukraine, GDP contracted further in Lithuania in Q1 2023 (minus 3.0%, compared with minus 0.5% in Q4 2022). GDP also contracted in Hungary, although at a slower pace than in the previous quarter (minus 0.2% in Q1 2023, compared with minus 0.6%). However, GDP recovered sharply in Poland (growing at 3.9% in Q1 2023, compared with a contraction of 2.3% in Q4 2022). It remained almost unchanged in the Slovak Republic (at 0.2%, compared with 0.3%).<\/p>\n
Among other OECD countries for which data is available, Portugal recorded the strongest GDP growth (1.6%) in Q1 2023, followed by Colombia (1.4%), Mexico (1.3%) and Finland (1.1%). GDP contracted in Ireland (by minus 2.7%).<\/p>\n
Source: OECD<\/p>\n","protected":false},"excerpt":{"rendered":"
According to provisional estimates from the Organisation for Economic Co-operation and Development (OECD) gross domestic product (GDP) in the OECD rose by 0.4% quarter-on-quarter in the first quarter of 2023, slightly up from 0.2% growth in the previous quarter. Quarterly OECD growth rates have been weak since the first quarter of 2022.<\/p>\n","protected":false},"author":15,"featured_media":3358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[838,104],"types-de-nouvelles":[],"class_list":["post-7164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-custom-brokerage","tag-oedc","tag-organisation-for-economic-co-operation-and-development"],"_links":{"self":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/7164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/comments?post=7164"}],"version-history":[{"count":1,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/7164\/revisions"}],"predecessor-version":[{"id":7165,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/7164\/revisions\/7165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/3358"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=7164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=7164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=7164"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=7164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}