News

G20 GDP increased 0.9% in Q2

14 de setembro de 2017

The growth was over the year’s first three months. The data is from the Organisation for Economic Co-operation and Development (OECD).

Paris – The G20 economic growth reached 0.9% in Q2 2017, one tenth more than Q1, announced this Thursday (14) the Organisation for Economic Co-operation and Development (OECD). The information is from Agência EFE. The bloc comprises the world’s largest economies.

The countries that played a role in this expansion were, especially, the United States (which went from 0.3% in Q1 to 0.8% in Q2), China (from 1.3% to 1.7%), Turkey (from 1.3% to 2.1%), South Africa (from -0.1% to 0.6%) and Australia (from 0.3% to 0.8%).

The increase of the Gross Domestic Product (GDP) remained unchanged in Indonesia (1.2%), France (0.5%) and Italy (0.5%), while there was considerable deceleration in Brazil (from 1% to 0.2%), and less sharp one in Germany (from 0.7% to 0.6%) and Mexico (also from 0.7% to 0.6%).

Year-over-year, the GDP of the G20 as a whole expanded 3.6% between April and June, against 3.4% registered in the previous quarter. The most significant growth rates were seen in China (6.9%), Turkey (6.1%), India (5.9%), Indonesia (4.9%) and Canada (3.7%).

*Translated by Sérgio Kakitani