Gross domestic product (GDP) of the Organization for Economic Cooperation and Development as a whole (OECD) grew by 2.9% in 2022, a rate lower than in 2021 (5.7%), but still above the levels just before the pandemic as it was 1.9% in 2019.
Growth across the region slowed down, especially in the last quarter of the yearThe interest rate, which was limited to 0.3% over the previous three months, was announced in a statement this Tuesday, according to the latest provisional estimates by the agency that brings together the world’s most advanced economies.
These data also include the slowdown in the economies of the G7 countries. high inflation and increases in interest rates.
For countries that have already published detailed GDP forecasts, the increase from 0.5% in the previous quarter was 0.4% in the last months of the year, with Germany and Italy posting negative rates (-0.2). % and -0.1% respectively). Also noticeably slowed down France, Canada and the United States, without contraction.
In this group, Fluctuating international market movements continued to have a significant impact.“noting the UK example, where net exports represented a 0.8 percentage point decrease in GDP compared to the implied 3.7 percentage point increase in the third quarter.
In fact, both the UK and the whole European UnionIn the fourth quarter of 2022, the euro area recorded 0 growth, despite an increase of 0.1%.
For countries like Spain, the OECD’s preliminary estimate is 0.2% growth between October and December 2022, while Latin American members –Mexico, Costa Rica and Colombia, given Chili pepper no data assigned yet – also slight increases noted.
Among the figures released this Tuesday, the OECD stressed that the effects of the war in Ukraine continued to be overwhelming in the last half of the year. especially in the countries closest to the conflict.
From them, Poland It presented the largest contraction of all Member States in late 2022, with a 2.4% decline in GDP growth.
In 2022, the highest annual increase in GDP was recorded by OECD countries for which detailed figures are currently published. Irelandwith 12.2% Latvia offered the lowest (1.5%).