Growth In G20 Countries Accelerates: OECD

@AFP
Growth In G20 Countries Accelerates: OECD

PARIS (AFP) – Growth in the Group of 20 emerging and advanced economies accelerated in the second quarter of this year to 0.9 percent from 0.6 percent in the previous three month period, the OECD said Thursday.

Most G20 members saw growth pick up momentum in April through May, with Turkey posting the highest quarter-on-quarter expansion of 2.1 percent, said the Organization for Economic Cooperation and Development.

China followed with a marginal increase to 1.7 percent growth, followed by fellow emerging market nation Brazil at 1.5 percent.

Among developed nations, Britain, Germany and the United States all saw growth rise to 0.7 percent, while France exited recession with 0.5 percent growth.

Growth slowed marginally in Japan to 0.9 percent and in Canada to 0.4 percent.

Italy’s contraction narrowed to 0.3 percent, while Mexico went from a flat reading in the first quarter to a 0.7 percent contraction.

Photo Credit: AFP/Ed Jones

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

How A Stuttering President Confronts A Right-Wing Bully

Donald Trump mocks Joe Biden’s stutter,” the headlines blare, and I am confronted (again) with (more) proof that the presumptive Republican presidential nominee hates people like me.

Keep reading...Show less
Trump at Trump Tower

Former President Donald Trump at Trump Tower in Manhattan

NEW YORK, March 25 (Reuters) - Donald Trump faces a Monday deadline to post a bond to cover a $454 million civil fraud judgment or face the risk of New York state seizing some of his marquee properties.Trump, seeking to regain the presidency this year, must either pay the money out of his own pocket or post a bond while he appeals Justice Arthur Engoron's February 16 judgment against him for manipulating his net worth and his family real estate company's property values to dupe lenders and insurers.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}