Advanced economies retreat in last quarter: OECD | Bangkok Post: news

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Advanced economies retreat in last quarter: OECD

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The economies of advanced countries shrank in the final quarter of last year, giving a twist to broad slowdown in 2012, data from the OECD showed on Tuesday. 

A man works on a piece of a compressor skid frame in North Lima, United States of America on March 1, 2012. The economies of advanced countries shrank in the final quarter of last year, giving a twist to broad slowdown in 2012, data from the OECD showed.

And in the whole of 2012, OECD economies grew by 1.3 percent from the level in 2011, when output had expanded by 1.9 percent.

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