Although at a slower pace than in the earlier period, Economic commotion in the world's developed economies grew for the third straight quarter in the three months to March.

Figures released Monday by the Organization for Economic Cooperation and Development showed economic output in its 31 members was 0.7% higher than in the three months to the end of December, and 2.5% higher than in the first quarter of 2009.

Since the third quarter of 2008, it was the first rise in gross domestic product on a year-to-year basis, and is a sign that global economy is in recovery. OECD member’s account for 61.3% of world GDP.

"The fiscal positions of most OECD countries have deteriorated significantly as a result of the crisis and face growing pressure from aging populations, and they need to be brought to a more sustainable path," the OECD said.

With the European Union lagging both the U. S. and Japan, escalation was by no means consistent, an attribute of the resurgence that is expected to persist.

While the U. S. economy grew by 0.8% from the fourth quarter and the Japanese economy by 1.2%, the economies of the euro zone and the EU each grew by just 0.2%. Among members of the Group of Seven leading developed economies, France grew most slowly, expanding by just 0.1%.