Top economies contract in first quarter of 2014: OECD | Bangkok Post: news

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Top economies contract in first quarter of 2014: OECD

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PARIS - Leading global economies contracted in the first three months of 2014 as companies traded less and ordered fewer goods, and despite a slight rise in private consumption, the OECD said Thursday. 

General view of the banking district in Frankfurt am Main, western Germany, on October 31, 2013

Data showed that economic activity contracted by 0.2 percent overall in the first quarter of 2014 among the group's 34 members, compared with the last quarter of 2013.

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