GDP growth slows in most G20 economies in third quarter of 2019

Growth of real gross domestic product (GDP) in the G20 area as a whole was stable at 0.7% in the third quarter of 2019, according to provisional estimates, but it slowed in the majority of G20 economies.

Growth of real gross domestic product (GDP) in the G20 area as a whole was stable at 0.7% in the third quarter of 2019, according to provisional estimates, but it slowed in the majority of G20 economies.

GDP contracted in South Africa (by 0.1%, following growth of 0.8% in the previous quarter). Growth also slowed significantly in Korea and Turkey (to 0.4%, from 1.0% in both countries) and Canada (to 0.3%, from 0.9%), more moderately in Australia (to 0.4%, from 0.6%), and marginally in China (to 1.5%, from 1.6%), Indonesia (to 1.2%, from 1.3%) and Japan (to 0.4%, from 0.5%).

GDP growth was stable in the United StatesFrance and Italy (at 0.5%, 0.3% and 0.1%, respectively) in the third quarter of 2019 and picked up marginally in India (to 1.1%, from 1.0%), Brazil (to 0.6%, from 0.5%), the European Union (to 0.3%, from 0.2%), the United Kingdom and Germany (to 0.3% and 0.1%, respectively, after a contraction of 0.2% in each country in the previous quarter). GDP was unchanged in Mexico (following a contraction of 0.1% in the previous quarter).

Year-on-year GDP growth for the G20 area slowed to 2.9% in the third quarter of 2019, compared with 3.0% in the previous quarter, with China recording the highest growth (6.0%) and Mexico the lowest (minus 0.2%). Year-on-year GDP growth for the OECD area was stable at 1.6%.

GDP growth slows in most G20 economies in third quarter of 2019

3 thoughts on “GDP growth slows in most G20 economies in third quarter of 2019

  1. I just want to mention I am all new to weblog and definitely liked you’re page. Likely I’m want to bookmark your website . You definitely come with very good writings. Cheers for sharing your website.

  2. I just couldn’t depart your site prior to suggesting that I extremely enjoyed the standard information an individual provide for your visitors? Is gonna be back frequently in order to inspect new posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

100 statistics on the ILO and the labour market to celebrate the ILO centenary

Fri Jan 3 , 2020
<h2 style="white-space:pre-wrap;"><strong>100 years of the ILO also means 100 years of ILO's labour statistics to support the work of countries and organizations around the world in improving labour markets, and of course, to inform its own work. Celebrating the ILO centenary is also celebrating progress in labour statistics.</strong></h2><div style="margin-top: 0px; margin-bottom: 0px;" class="sharethis-inline-share-buttons" data-url=https://thebharatdaily.com/?p=476></div>