G20 GDP Growth – Second quarter of 2018, OECD

G20 GDP progress nudges as much as 1.0% within the second quarter of 2018

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17/09/2018 – Development of actual gross home product (GDP) within the G20 space picked-up marginally to 1.0% within the second quarter of 2018, in contrast with 0.9% within the earlier quarter, in response to provisional estimates. 

GDP progress rebounded in Japan, to 0.7% within the second quarter of 2018, following a contraction of 0.2% within the earlier quarter. It additionally picked-up considerably within the United States (to 1.0%, from 0.5% within the earlier quarter), Russia (to 0.9%, from 0.4%) and China (to 1.8%, from 1.4%). Actual GDP progress additionally picked-up in Canada (to 0.7%, from 0.4%), and to a lesser extent, within the United Kingdom (to 0.4%, from 0.2%), Germany (to 0.5%, from 0.4%) and Brazil (to 0.2%, from 0.1%). 

Then again, progress slowed considerably in Turkey (to 0.9%, from 1.5%) and Korea (to 0.6%, from 1.0%), and, to a lesser extent, in Australia (to 0.9%, from 1.1%), India (to 1.9%, from 2.0%) and Italy (to 0.2%, from 0.3%). GDP progress was steady in Indonesia (1.3%) and France (0.2%) however GDP contracted by 0.2% in Mexico (following progress of 1.0% within the earlier quarter) and South Africa (following a contraction of 0.7% within the earlier quarter). 

Yr-on-year GDP progress for the G20 space remained steady at 3.9% within the second quarter of 2018, with India recording the best progress (8.0%) and South Africa the bottom (0.5%). 

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@OECD_STAT