Economic output in the world's 20 largest economies (G20), as measured by gross domestic product (GDP) grew by 0.9 per cent in the three months ended June, compared with 0.6 per cent in the previous quarter, according to preliminary estimates from the Organisation of Economic Co-operation and Development [OECD].
GDP growth accelerated in most of the world's largest economies but slowed marginally in Canada (to 0.4% compared with 0.5%) and Japan (to 0.9%, compared with 1.0% in the previous quarter) and significantly in Mexico, where it contracted by 0.7%.
Turkey recorded the strongest growth at 2.1%, compared with 1.5% in the previous quarter followed by Korea with a GDP growth of 1.1%, compared with 0.8% in the previous quarter.
In the UK and the US, GDP growth accelerated to 0.7% and 0.6% respectively, compared with 0.3% in the previous quarter.
In Germany, GDP increased by 0.7%, compared with the zero growth rate registered in the previous quarter. In France, GDP grew by 0.5%, rebounding from a contraction of 0.2% in the previous quarter.
Growth accelerated in Brazil (from 0.6% to 1.5%), South Africa (from 0.2% to 0.8%), India (from 0.4% to 0.6%) and China (from 1.6% to 1.7%). Growth remained stable in Indonesia (1.4%).
Compared with the same quarter of 2012, GDP for the G20 area expanded by 2.6% in the second quarter of 2013, up from 2.2% in the previous quarter. Among G20 economies, China recorded the highest growth rate (7.5%) and Italy the largest contraction (minus 2.1%).
Source: LiveCharts
GDP growth accelerated in most of the world's largest economies but slowed marginally in Canada (to 0.4% compared with 0.5%) and Japan (to 0.9%, compared with 1.0% in the previous quarter) and significantly in Mexico, where it contracted by 0.7%.
Turkey recorded the strongest growth at 2.1%, compared with 1.5% in the previous quarter followed by Korea with a GDP growth of 1.1%, compared with 0.8% in the previous quarter.
In the UK and the US, GDP growth accelerated to 0.7% and 0.6% respectively, compared with 0.3% in the previous quarter.
In Germany, GDP increased by 0.7%, compared with the zero growth rate registered in the previous quarter. In France, GDP grew by 0.5%, rebounding from a contraction of 0.2% in the previous quarter.
Growth accelerated in Brazil (from 0.6% to 1.5%), South Africa (from 0.2% to 0.8%), India (from 0.4% to 0.6%) and China (from 1.6% to 1.7%). Growth remained stable in Indonesia (1.4%).
Compared with the same quarter of 2012, GDP for the G20 area expanded by 2.6% in the second quarter of 2013, up from 2.2% in the previous quarter. Among G20 economies, China recorded the highest growth rate (7.5%) and Italy the largest contraction (minus 2.1%).
Source: LiveCharts
