G20 GDP showed a growth of 0.7%
The countries in this block showed an improvement during the third quarter of this year, according to the OECD
Gross Domestic Product (GDP) of the G20 countries experienced a growth of 0.7% in the third quarter of 2019, so it remained stable compared to the previous three months, according to data published Thursday by the Organization for Economic Cooperation and Development (OECD).
Compared to the same quarter last year, the GDP of the 20 largest economies in the world advanced 2.9%, one tenth less than in the second quarter. China registering the highest expansion rate (+ 6%), while the worst figure was observed in Mexico, whose GDP contracted 0.2%, its worst figure since the fourth quarter of 2009.
Compared with the previous quarter, GDP growth remained stable in the euro zone by 0.2%, while accelerated to 0.3% in the European Union, for one tenth more. Within the community bloc, Germany grew one tenth, after a 0.2% contraction in the second quarter. On the other hand, France and Italy remained at 0.3% and 0.1%, respectively.
China and Indonesia led the growth of the club of the largest economy in the world, with an increase of 1.5% and 1.2%, respectively. Behind them is India, whose GDP accelerated one tenth, to 1.1%.
On the contrary, the only decrease corresponded to South Africa, whose economy fell 0.1%, after growing eight tenths in the second quarter. Mexico, on the other hand, registered a flat growth, after three consecutive quarters in decline.
K. Tovar
Source: Europapress
