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

Mike Johnson
Speaker Mike Johnson

House Democratic leadership announced Tuesday that they’ll allow members to block any effort from Rep. Marjorie Taylor Greene (R-GA) and her tiny team of nihilists to oust Speaker Mike Johnson, a reminder of where the power sits in the House.

Keep reading...Show less
Trump Endorses Anti-Abortion Monitoring Of Pregnancy By States

Former President Donald Trump

Killing Abortion Ban Repeal

With little more than six months until Election Day, Donald Trump is preparing for an “authoritarian” presidency, and a massive, multi-million dollar operation called Project 2025, organized by The Heritage Foundation and headed by a former top Trump White House official, is proposing what it would like to be his agenda. In its 920-page policy manual the word “abortion” appears nearly 200 times.

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