G20 economy increases 0.9 percent in Q4

2025-03-13 08:20:53

(MENAFN) Gross domestic product in the G20 area increased by 0.9 percent from October to December in the year 2024 on a quarterly basis, as stated by the Organization for Cooperation and Development on Thursday.

"Quarterly G20 GDP growth rates remained relatively stable over the past two years, ranging between 0.6 and 1.0 percent," it stated.

It highlighted that the growth of GDP significantly recovered during the fourth quarter in Turkey from minus 0.1 percent to 1.7 percent, while in South Africa from minus 0.1 percent to 0.6 percent.

Growth increased in China from 1.3 percent to 1.6 percent, India from 1.4 percent to 1.6 percent, Australia from 0.3 percent to 0.6 percent, Japan from 0.4 percent to 0.6 percent, Canada from 0.5 percent to 0.6 percent), whereas in Italy as well as the United Kingdom from 0 percent to 0.1 percent.

Growth was steady in Indonesia at 1.2 percent while South Korea at 0.1 percent, whereas the rest of G20 nations witnessed either declines or slowdowns in growth in Q4 in comparison with Q3.

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