Paris: A global development agency has said that 20 of the world’s major economies have unexpectedly declined from April to June due to the Covid-19 epidemic. The Organization for Economic Co-operation and Development (OECD) (OECD), based in Paris, said on Monday that the G-20 group countries had 6.9 percent of their GDP during the April-June quarter. Has come down to a record rate of.
The organization has said that this figure is going to be much larger than the record decline of 1.6 percent in the first quarter during the 2009 financial crisis. The OECD said that in the period April to June this year, India’s gross domestic product (GDP) has fallen by 25.2 percent, Britain by 20.4 percent and Mexico by 17.1 percent.
At the same time, in America, it declined by 9.1 percent. The OECD has said that China has been the only country in the G-20 group to have recorded an economy growth of 11.5 percent during the April-June quarter. The organization has said that this indicates the early onset of the epidemic in this country and the improvement thereafter.
