Independent journal on economy and transport policy
06:27 GMT+1
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Real gross domestic product in the OECD area fell by -9.8% in the second quarter
On an annual basis, the contraction was -10.9%
August 26, 2020
Among the major seven economies, GDP fell -20.4% in the UK. In France, where - the OECD pointed out - the blockade measures were among the most gross domestic product fell by -13.8% after the end of the year. down -5.9% in the previous quarter.
In the second quarter of 2020, GDP fell Italy, Canada and Germany, respectively -12.4%, -12.0% and -9.7% vs. -5.4% respectively, -2.1% and -2.0% in the previous quarter.
In the United States, where many states - the OECD pointed out - at the late March have introduced council-based measures to "stay at home", the GDP contracted slightly less, with a -9.5%, compared to -1.3% in the previous quarter.
In Japan, where containment measures have been less GDP fell by -7.8% in the second quarter compared to -0.6% in the previous quarter.
In the euro area and in the European Union, domestic fell -12.1% and -11.7% respectively, compared with -3.6% and -3.2% in the previous quarter.
The OECD has specified that year-on-year the fall in GDP per OECD area in the second quarter of 2020 was -10.9% after a decrease of -0.9% in the previous quarter. Among the the largest seven economies, the United States has a annual growth of -9.5%, while the UK recorded its net annual decline (-21.7%).
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Among the major seven economies, GDP fell -20.4% in the UK. In France, where - the OECD pointed out - the blockade measures were among the most gross domestic product fell by -13.8% after the end of the year. down -5.9% in the previous quarter.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
