Canada led the G7 while U.S. growth slowed in the first quarter
Inflation, end to pandemic assistance drove decline in real incomes
Weaker energy prices lead inflation readings lower
The OECD revised its global GDP projections upward, but warned of persisting risks
Fallout from China's pandemic policy sabotaged output
Jobless rates remain near record lows amid still-tight labour markets
Pullback in energy underpins softening price pressures
Reforms are needed to enhance productivity and meet climate targets, group says
The decline reflected weak demand and decreasing energy prices
Canada among the strongest in the G7 for growth in 2022