For the G20, economic growth slowed in the fourth quarter of 2021, according to new data from the Organization for Economic Cooperation and Development (OECD).
The Paris-based OECD reported that GDP across the G20 rose by 1.4% in the fourth quarter, down from 1.9% in the previous quarter.
The slowdown followed a sharp deceleration in India, which saw GDP growth drop from 13.7% in the third quarter to 1.8% in the fourth quarter, the OECD noted.
For the European Union, GDP growth also slowed notably to just 0.4% in Q4, down from 2.2% in Q3.
These declines overcame stronger quarter-over-quarter growth in several major economies, including the U.S., China and Canada.
For the full year, GDP for the G20 rose by 6.1% in 2021, according to initial estimates, the OECD reported.
This strong growth came on the heels of a 3.2% decline in GDP in 2020 due to the effects of the pandemic.