Economic growth of G20 is declining

Economic growth in the G20, the group of the world’s most important economies, is weakening. This was reported by the Organization for Economic Cooperation and Development (OECD).

The G20 showed economic growth of 0.8 percent in the third quarter compared to the previous period. In the second quarter, the economy of the G20 area grew by 1 percent.

There was an economic contraction in four countries of the G20: Turkey, Japan, Germany and Italy. In the majority of the remaining G20 countries, growth slowed, in Australia, India, Canada, Russia, China and the United States. That also applied to the European Union.

Stronger growth was measured in Mexico, South Africa, Brazil, Great Britain and France. Growth remained stable in Indonesia and South Korea.