The GDP growth of G20 countries in the third quarter remained at the level of 0.7%


Moscow. December 14. GDP of G20 countries increased in the third quarter by 0.7% compared to the previous three months, according to preliminary estimates of the Organization for economic cooperation and development (OECD).

Thus, the rate of increase of the index have not changed for the third consecutive quarter, the report says.

Most significantly in the last quarter, the accelerated growth of the economy of South Korea (to 1.3% from 0.3% in the second quarter) and Australia (up to 0.9% from 0.3%).

Improvement has been noted in Canada (rise by 0.6% after falling 0.1% in April-June), Japan (increase by 0.3% after falling 0.1%) and South Africa (increase by 0.2% after a decline of 0.3%).

The rate of increase of GDP of China and India has not changed and amounted to 1.8% and 1.2% respectively.

The rise of the U.S. economy in July-September slowed to 0.5% from 1% in the second quarter of this year, the UK – up to 0.5% from 0.7%, the report says the OECD.

Brazil continued to remain in recession: GDP fell by 1.7% after shrinking 2.1% in the previous three months.

The growth of the economies of the G20 in the third quarter compared to the same period last year amounted to 2.9% versus 3.1% in April-June, according to a press release. The most significant growth of this indicator was registered in India 7.1% China 6.9%, while the most significant decline occurred in Brazil (4.4%).

The OECD is one of the leading economic organizations in the world, which includes 34 most developed state. Currently it includes Australia, Austria, Belgium, great Britain, Hungary, Germany, Greece, Denmark, Israel, Ireland, Iceland, Spain, Italy, Canada, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, USA, Turkey, Finland, France, Czech Republic, Chile, Switzerland, Sweden, Estonia, South Korea and Japan.