EN
The COVID-19 pandemic outbreak has triggered a large decline in the GDP of most OECD countries in 2020-Q1, relative to 2019-Q4 and 2019-Q1.
The strict national containment measures led to a sharp drop in economic activity which is visible from the decline in consumption, investments and exports.
Prices are stable relative to the previous quarter, but are higher than in the same quarter of the previous year due to the positive economic performance of most countries in 2019.
The average unemployment rate in OECD countries in 2020-Q1 is around 5.33%, but is expected to increase in 2020-Q2 since most countries were hit by the pandemic in March and labour markets follow GDP movements with a certain lag.
July 2020
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