São Paulo – The Gross Domestic Product (GDP) of the G20 member countries, which are the world’s leading emerging and developed economies, was up 0.9% in quarter two from quarter one, according to figures released this Thursday (12th) by the Organization for Economic Cooperation and Development (OECD). The rate is higher than quarter one’s 0.6% growth in relation to quarter four, 2012.
Turkey was the G20 country whose economy grew the most in quarter two, at 2.1%, followed by China (1.7%) and Brazil (1.5%). Most of the bloc’s economies have grown, except for Canada, Japan and Mexico, whose performances declined in quarter two from quarter one.
The only countries whose economies slowed down during the period were Italy (-0.3%) and Mexico (-0.7%). Italy’s economy, however, posted a lower negative rate in quarter two than the rate recorded in quarter one, which was -0.6%.
Other highlights were the growth rates of the United States (0.6%) and United Kingdom (0.7%) – both had grown by merely 0.3% in quarter one –, as well as those of Germany (0.7%) and South Korea (1.1%). France grew by 0.5%, after having posted a 0.2% decline in quarter one. India’s economy was up 0.6%, South Africa’s was up 0.8%, and Indonesia’s was up 1.4%.
Q2-on-Q2, the G20 GDP has increased by 2.6%, and Q1-on-Q1 it was up 2.2%. Using this basis of comparison, China saw the most growth, followed by Indonesia, Turkey and Brazil.
*Translated by Gabriel Pomerancblum
