<p>A global development agency said the world's 20 major industrialised nations have seen their economies shrink in an unprecedented manner between April and June amid the Covid-19 pandemic.</p>.<p>The Paris-based Organisation for Economic Cooperation and Development said Monday that the gross domestic product dropped by a record 6.9% in the second quarter of this year in the G-20 area.</p>.<p>This organisation noted that is “significantly larger” than the 1.6% fall recorded in the first quarter of 2009 at the height of the financial crisis.</p>.<p>Between April and June this year, the GDP most dramatically fell by 25.2 in India, by 20.4% in the UK and by 17.1% in Mexico. It plunged by 9.1% in the United States.</p>.<p>The OECD said that China was the only G-20 country recording growth (11.5%) in that period. The organization said that reflects “the earlier onset of the pandemic in this country and subsequent recovery.”</p>
<p>A global development agency said the world's 20 major industrialised nations have seen their economies shrink in an unprecedented manner between April and June amid the Covid-19 pandemic.</p>.<p>The Paris-based Organisation for Economic Cooperation and Development said Monday that the gross domestic product dropped by a record 6.9% in the second quarter of this year in the G-20 area.</p>.<p>This organisation noted that is “significantly larger” than the 1.6% fall recorded in the first quarter of 2009 at the height of the financial crisis.</p>.<p>Between April and June this year, the GDP most dramatically fell by 25.2 in India, by 20.4% in the UK and by 17.1% in Mexico. It plunged by 9.1% in the United States.</p>.<p>The OECD said that China was the only G-20 country recording growth (11.5%) in that period. The organization said that reflects “the earlier onset of the pandemic in this country and subsequent recovery.”</p>