GDP growth across the OECD bloc rose to 0.4% in the first quarter of 2026 from 0.2% in the prior three months. The UK was a leading performer in the G7, with growth increasing from 0.2% to 0.6% over the quarter. The improvement was linked to stronger private consumption and higher government spending, indicating contributions from households and the public sector. The United States also strengthened, rising from 0.1% to 0.5% as investment, exports, and government spending recovered. Japan grew by 0.5% and Germany by 0.3%. France stagnated, Italy slowed sharply, and Canada returned to growth after contracting at the end of 2025.
"By contrast, France stagnated completely after growth of 0.2pc in the previous quarter, with falling consumer spending, weaker investment and declining exports weighing on activity. Italy also lost momentum, slowing sharply from 0.3pc growth to just 0.1pc as domestic demand weakened. Canada returned to growth after contracting at the end of 2025."
Read at London Business News | Londonlovesbusiness.com
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