Independent journal on economy and transport policy
07:19 GMT+1
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In the second quarter of 2020, the GDP of the G20 countries fell without precedent
The decrease on the previous quarter was -6.9% and that year-over-year of -9.1%
September 14, 2020
In the April-June period of this year, China was the only G20 nation to grow by 11.5%, OECD said it was "reflecting the early start of the pandemic in this country and the subsequent recovery of the economy. In other G20 economies, where the effects of pandemics began in the period to make themselves felt more gross domestic product contracted on average. 11.8%.
In particular, GDP fell dramatically in India (-25.2%), followed by the United Kingdom (-20.4%), Mexico (-17.1%), South Africa (-16.4%), France (-13.8%), Italy (-12.8%), Canada (-11.5%), Turkey (-11.0%), Brazil and Germany (-9.7%), United States (-9.1%), Japan (-7.9%), Australia (-7.0%) Indonesia (-6.9%). The contraction was less pronounced in Korea and Russia (-3.2% countries).
In the second quarter of 2020, the trend change in GDP G20 area was -9.1% in the second quarter of the year. 2019, after a year-on-year contraction of -1.7% in the quarter Previous. Among the G20 economies, China recorded the higher annual growth (3.2%), while India recorded the largest annual decline (-23.5%).
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In the April-June period of this year, China was the only G20 nation to grow by 11.5%, OECD said it was "reflecting the early start of the pandemic in this country and the subsequent recovery of the economy. In other G20 economies, where the effects of pandemics began in the period to make themselves felt more gross domestic product contracted on average. 11.8%.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
