ROME: All G20 economies, with the exception of France (where exports contracted by 2.4%), saw export growth in the first quarter of 2017, the OECD says in its last report. Italy’s growth was by 1.4%.
Australia recorded the highest growth (7.2%) among the OECD G20 economies. Growth was also robust in Korea (5.7%), the United Kingdom (3.3%), Canada (2.9%), the United States (2.7%) and Japan (2.5%), but was more subdued in the G20 euro area economies with Germany (1.3%) recording the highest growth.
Not only export. Also Italian imports grew up in the same period: +2.4%. Imports grew in all G20 economies in the first quarter of 2017. China recorded the highest growth in the G20 (9.6%), which worked to reduce China’s trade surplus ($94.2 billion) to its lowest level since the second quarter of 2014. Strong import growth was also observed in Argentina (5.0%), Brazil (9.1%) and India (6.5%). Among OECD G20 economies import growth was highest in Korea (8.2%) and lowest in Turkey (1.8%).
