Sep 16, 2015
Real Gross Domestic Product (GDP) in the G20 area grew by 0.7% in the second quarter of 2015, the same rate as in the first quarter, but with diverging patterns across countries, according to preliminary estimates.
GDP growth accelerated strongly in the United States in the second quarter (to 0.9%, compared with 0.2% in the previous quarter). GDP growth also accelerated in China (to 1.7% compared with 1.4% in the previous quarter) and in the United Kingdom (rising to 0.7% from 0.4%). In Mexico and Germany, growth was 0.5% and 0.4%, respectively, in the second quarter compared with 0.4% and 0.3% in the previous quarter. GDP growth remained unchanged in Indonesia at 1.1%.
GDP growth slowed among other G20 economies in the second quarter of 2015. In Japan, GDP fell 0.3%, compared with growth of 1.1% in the previous quarter while in Brazil GDP fell 1.9%, compared with a drop of 0.7% in the previous quarter. In South Africa GDP fell 0.3%, compared with growth of 0.3% in the previous quarter. In Australia and France, GDP growth slowed markedly (to 0.2% and 0.0%, respectively, compared with 0.9% and 0.7% in the previous quarter).
Compared with the same quarter of 2014, GDP for the G20 area expanded by 3.2% in the second quarter of 2015, the same growth rate as in the previous quarter, with India recording the highest growth rate (7.2%), followed by China (7.0%). Brazil recorded the largest contraction (minus 2.4%).
Note: Growth rates presented in this chart are based on data with more than one decimal.
Source: Hellenic Shipping News Worldwide