Gross domestic product in the OECD region rose by 5.5% in real terms in each of 2021 according to provisional estimates, after recording a sharp decline in 2020 by 4.6%, due to the Covid-19 epidemic.
According to the organization, among the G7 countries, the UK economy contracted the most in 2020, when it fell by 9.4%, but it also recorded the highest annual growth in 2021 at 7.5%.
For its part, France experienced a growth of 7.0% last year, compared to a contraction of 7.9% in 2020, while the Italian economy expanded by 6.4% in 2021 after declining by 8, 9% in 2020.
On a quarterly basis, GDP in the Good Practice Club, of which Colombia is a part, rose 1.2% in the fourth quarter of 2021 according to provisional estimates, slightly above the 1.1% growth recorded in the third quarter.
specially ColombiaWith Israel, it was the economies that recorded the largest increase in GDP in the fourth quarter, compared to the previous three months, at 4.3% and 3.9%, respectively.
In the Group of Seven, quarter-on-quarter GDP growth accelerated to 1.2% in the fourth quarter of 2021 from 0.9% in the third quarter, driven by increases in the United States, the economy of which grew 1.7%, compared to 0.6%. from the previous quarter.
Similarly, Canada’s GDP rose 1.6%, compared to 1.3% in the third quarter, and Japan, which expanded 1.3% between October and December 2021, compared to a 0.7% decline in the previous quarter.
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