The growth rate of the G20 accelerated to 0.9% in the second quarter, an increase of two-tenths compared to the first, primarily due to the United States, it was announced today.
In a statement released today, with aggregated data from G20 countries, the Organization for Economic Cooperation and Development (OECD) states that despite the strengthened growth rate, the 0.9% increase remains within the range observed in recent quarters.
The United States experienced a progression of 0.8% in the second quarter, after a decline of 0.1% between January and March, in a context marked by announcements from the U.S. President concerning trade tariffs.
Significant recoveries were also noted in South Korea (which went from a contraction of 0.2% in the first quarter to a growth of 0.7% in the second), and an acceleration of activity in Turkey (from 0.7% to 1.6%), South Africa (from 0.1% to 0.8%), and Saudi Arabia (from 1.1% to 1.7%).
Conversely, in the second quarter, some countries were among the most susceptible to the effects of tariffs announced by Trump: Canada’s GDP fell 0.4% between April and June, after increasing 0.5% between January and March; Germany’s fell 0.3% (compared to +0.3%); and Italy’s decreased 0.1% (compared to +0.3%).
Other G20 members experienced a notable slowdown, such as Brazil (whose growth went from 1.3% to 0.4%) or the United Kingdom (from 0.7% to 0.3%).
The rate of progression was also slightly slower in India (from 2% to 1.7%) and China (from 1.2% to 1.1%).
