Economic growth in G20 nations slowed for a third consecutive quarter in the April-June period, the Organization for Economic Co-operation and Development said Thursday.
The seasonally adjusted Gross Domestic Product (GDP) rose 0.6 percent sequentially in the second quarter, slower than the 0.7 percent growth recorded in the first quarter.
"This marks the third consecutive quarter of slowing growth in the G20 area but masks diverging patterns across economies," the group said in a report.
The GDP contracted 0.1 percent in the European Union as a whole, and 0.2 percent in the euro area. GDP contracted for the third consecutive quarter in the U.K. and for the fourth consecutive quarter in Italy.
Economy stagnated in France, while German GDP growth moderated to 0.3 percent from 0.5 percent. In the U.S., GDP rose at a slightly slower pace of 0.4 percent. Canada's economy grew at a steady pace of 0.5 percent.
Economic growth accelerated in Brazil, China, Indonesia, South Africa and Turkey, while slowed strongly in Australia, Japan and South Korea. Growth decelerated more moderately in India.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.