Global Economy Mixed At End Of 2021
March 15, 2022—Economic growth in G20 countries rose at a modest 1.4 percent rate in the final two quarters of 2021, down from the estimated 1.9 percent, according to the OECD. Some countries experienced a slowdown while others increased economic activity.
India’s decelerating growth accounted for part of the dip. From the third quarter to the fourth quarter, economic growth in India adjusted downward from 13.7 percent to 1.8 percent. Meanwhile, in the European Union, economic growth slowed from 2.2 percent in the third quarter to 0.4 percent in the fourth quarter.
In other countries, such as the United States, China, Indonesia, South Africa, Brazil, and Australia, economic growth accelerated.
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