Second-quarter GDP shrank by extra within the US than within the UK, Germany, France, Italy, Canada and Japan, information reveals
The US was the worst-performing of the Group of Seven most superior Western economies within the second quarter of 2022, the newest information from the UK Workplace of Nationwide Statistics (ONS) confirmed on Friday.
The ONS launched the G7 comparability whereas additionally reporting that the British economic system had contracted by zero.1% from April to June. The American economic system dropped by zero.2% throughout the identical interval, in line with the info.
Canada’s economic system reportedly had the strongest displaying, rising by 1.1%. The Italian and French economies have been additionally up, whereas Germany stagnated.
In the meantime, one other G7 nation, Japan, is anticipated to report its GDP numbers on Monday, with an economist ballot from FactSet Economics projecting development of zero.eight% quarterly, or 2.5% annualized.
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