The real gross domestic product (GDP) of the G20 increased by 0.7% in the second quarter of 2015, at the same rate as the previous quarter but with divergences between countries, according to provisional results.
GDP growth surged in the United States in the second quarter of 2015 (reaching 0.9%, compared to 0.2% in the previous quarter). GDP growth also accelerated in China (to 1.7%, compared to 1.4% in the previous quarter) and in the United Kingdom (reaching 0.7% against 0.4% previously). In Mexico and Germany, growth was 0.5% and 0.4%, respectively, in the second quarter, compared to 0.4% and 0.3% in the previous quarter. GDP growth remained stable in Indonesia at 1.1%.
GDP growth slowed among G20 economies in the second quarter of 2015. In Japan, GDP fell by 0.3%, compared to 1.1% in the previous quarter, while in Brazil, GDP declined by 1.9% after a 0.7% drop in the previous quarter. In South Africa, GDP contracted by 0.3%, compared to growth of 0.3% in the previous quarter. In Australia and France, GDP growth experienced a marked slowdown (to 0.2% and 0.0%, respectively, compared to 0.9% and 0.7% in the previous quarter).
Compared to the same quarter in 2014, the GDP of the G20 area increased by 3.2% in the second quarter of 2015, at the same pace as the previous quarter, with India recording the highest growth rate (7.2%), followed by China (7.0%). Brazil recorded the sharpest contraction (minus 2.4%).
