{"id":23817,"date":"2021-08-31T07:35:25","date_gmt":"2021-08-31T04:35:25","guid":{"rendered":"https:\/\/bazaartimes.com\/?p=23817"},"modified":"2021-08-31T07:41:16","modified_gmt":"2021-08-31T04:41:16","slug":"oecd-economy-expands-1-6-in-q2","status":"publish","type":"post","link":"https:\/\/bazaartimes.com\/oecd-economy-expands-1-6-in-q2\/","title":{"rendered":"OECD economy expands 1.6% in Q2"},"content":{"rendered":"\n<p><strong><em>Despite accelerating growth, OECD says GDP &#8216;still below pre-pandemic levels&#8217;<\/em><\/strong><\/p>\n\n\n\n<p>Economic growth in the Organization for Economic Co-operation and Development (OECD) area stood at 1.6% in the second quarter of this year, from 0.6% in the previous quarter, according to the latest figures released on Monday.<\/p>\n\n\n\n<p>The UK posted the strongest growth of 4.8% in the April-June period, versus a contraction of 1.6% in the previous quarter, the OECD said in a statement.<\/p>\n\n\n\n<p>It was followed by Italy, where the gross domestic product (GDP) increased 2.7% from 0.2% in the previous quarter.<\/p>\n\n\n\n<p>Economies of both the US and Germany expanded by 1.6%, compared with 1.5% and minus 2.0%, respectively, in the first quarter.<\/p>\n\n\n\n<p>In France and Japan, GDP growth stood at 0.9% and 0.3%, respectively.<\/p>\n\n\n\n<p>In the eurozone and the EU, GDP growth turned positive in the second quarter of the year to 2.0% and 1.9%, respectively, after declines of 0.3% and 0.1% in the previous quarter, the data shows.<\/p>\n\n\n\n<p>Despite accelerating growth in the April-June period, the OECD GDP is \u201cstill below pre-pandemic levels,\u201d the organization said.<\/p>\n\n\n\n<p>When comparing economic activity with pre-pandemic levels \u2013 the last quarter of 2019 \u2013 the GDP \u201cstill lags behind for the OECD area as a whole (minus 0.7%).\u201d<\/p>\n\n\n\n<p>Compared to the same quarter of last year, the GDP of the OECD area jumped 13% this April-June.<\/p>\n\n\n\n<p>Turkey\u2019s GDP figures for the second quarter of 2021 will be released by the Turkish Statistical Institute on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite accelerating growth, OECD says GDP &#8216;still below pre-pandemic levels&#8217; Economic growth in the Organization for Economic Co-operation and Development (OECD) area stood at 1.6% in the second quarter of &hellip;<\/p>\n","protected":false},"author":2,"featured_media":23818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[463],"tags":[445,47,160,131,44,1483,1707,5],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bazaartimes.com\/wp-content\/uploads\/2021\/08\/OECD-economy-glob.jpg?fit=707%2C401&ssl=1","_links":{"self":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/23817"}],"collection":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/comments?post=23817"}],"version-history":[{"count":1,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/23817\/revisions"}],"predecessor-version":[{"id":23819,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/23817\/revisions\/23819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media\/23818"}],"wp:attachment":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media?parent=23817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/categories?post=23817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/tags?post=23817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}