Three out of five large economies show pick-up in growth, shows data

The UK and Germany were among those who have been in the midst of a slowdown

Three of the five largest economies outside India have shown faster growth in the latest quarter, compared to the previous one. China, Japan and the United States all show stronger economic growth in the first quarter of 2023 than they did in the last quarter of 2022, according to analysis based on data from the Paris-based Organisation for Economic Co-operation and Development. 

China’s GDP growth rate rose from 2.9 per cent in the last quarter of 2022 to 4.5 per cent in the first quarter of 2023. For the US, it rose from 0.9 per cent to 1.6 per cent,