Developed countries are still in the red

Average GDP growth in the most economically developed countries in the first quarter of 2021 slowed to 0.3% from 1% in the fourth quarter of 2020, according to preliminary data from the Organization for Economic Cooperation and Development (OECD). In annual terms, GDP dynamics remained negative – minus 0.8% after minus 2.9% in the fourth quarter, minus 3.8% – in the third, minus 11.6% – in the second and minus 0.9% – in the first quarter. 2020. The slowdown in growth is attributable to the strengthening of “antikid” restrictions in a number of OECD countries. In Germany, Great Britain and Japan, a sharp decline in GDP was noted at all – by 1.7%, 1.5% and 1.3% quarter-on-quarter, respectively. In Italy, the rate of decline, on the contrary, slowed down – from 1.8% to 0.4%, in France the dynamics of changes in GDP became positive – plus 0.4% versus 1.4% in October-December. In general, in the euro area, the decline amounted to 0.6% against 0.4% a quarter earlier. In Canada and the United States, growth – 1.6% each (in the fourth quarter it was 2.3% and 1.1%) Compared to the end of 2019, the dynamics of the GDP of developed countries is still …

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