OECD economic output exceeds pre-pandemic level for first time – The National
- Date: 18-Nov-2021
- Source: The National
- Sector:Economy
- Country:Middle East
OECD economic output exceeds pre-pandemic level for first time – The National
Economic output in the OECD block rose above its pre-pandemic level for the first time in the third quarter, despite slower growth than in the previous three-month period.
Gross domestic product (GDP) in Organisation for Economic Co-operation and Development countries was 0.5 per cent higher in the three months to the end of September than in the pre-Covid-19 fourth quarter of 2019, driven by strong growth in the UK, Korea, Israel and some European countries, the OECD said.
However, quarter-on-quarter GDP growth slowed to 0.9 per cent in the third quarter of this year, from 1.7 per cent in the second quarter.
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