By Aysu Bicer
ANKARA (AA) - The gross domestic product (GDP) in the Organization for Economic Co-operation and Development (OECD) area rebounded by 9.0% in the third quarter of 2020, the group said on Thursday.
However, the GDP still remains 4.3% below its pre-crisis level, it noted.
Among the major seven economies, France , Italy , and the UK recovered the most, with 18.2%, 16.1%, and 15.5%, respectively.
The three countries had also seen the sharpest falls in the second quarter.
The GDP also rebounded in other big economies such as in Canada by 10%, Germany by 8.2%, Japan by 5%, and the US by 7.4%.
Meanwhile, the GDP in the EU increased by 11.6%, following a contraction of 11.4% in the previous quarter.