G20 GDP Growth Stable at 0.7% in Q3 of 2015
December 15, 2015 | OECDEstimated reading time: 1 minute
Real growth of Gross Domestic Product (GDP) in the G20 area remained stable at 0.7% in the third quarter of 2015, for the third consecutive quarter, but with diverging patterns across countries, according to preliminary estimates.
GDP growth accelerated strongly in Korea and Australia (to 1.3% and 0.9% respectively, compared with 0.3% in the previous quarter), and in Canada (to 0.6%, compared with minus 0.1%). It also turned up in Japan (to 0.3%, up from minus 0.1% in the previous quarter) and in South Africa (to 0.2%, up from minus 0.3% in the previous quarter). Economic growth accelerated more moderately in Mexico and France, to 0.8% and 0.3% respectively (compared with 0.6% and 0.0% in the previous quarter) and in India (to 1.9% compared with 1.7% in the previous quarter).
In China and Indonesia, economic growth remained unchanged at 1.8% and 1.2%, respectively.
On the other hand, in the third quarter of 2015, GDP growth slowed in the United States and in the United Kingdom, to 0.5% (down from 1.0% and 0.7%, respectively, in the previous quarter), while it decelerated marginally (by 0.1% percentage point) in Turkey, Germany and Italy, to respectively 1.3%, 0.3% and 0.2%.
In Brazil, real GDP continued to contract, at a rate of minus 1.7%, following a decline of minus 2.1% in the previous quarter.
Compared with the same quarter of 2014, GDP growth for the G20 area slowed to 2.9% in the third quarter of 2015, compared with 3.1% in the previous quarter, with India recording the highest growth rate (7.1%), followed by China (6.9%). Brazil recorded the largest contraction (minus 4.4%).
Suggested Items
Benchmark Reports Q1 2024 Results
05/03/2024 | PRNewswireRevenue decreased quarter over quarter and year over year primarily due to decreases in Medical, Advanced Computing and Next-Generation Communication sales, which were partially offset by an increase in Complex Industrials sales quarter-over-quarter and increases in Semi-Cap and A&D sales year-over-year.
Ansys Announces Q1 Financial Results
05/03/2024 | ANSYSANSYS, Inc. reported first quarter 2024 revenue of $466.6 million, a decrease of 8% in reported and constant currency, when compared to the first quarter of 2023.
Sanmina's Second Quarter Fiscal 2024 Financial Results
05/02/2024 | Sanmina Corp.Sanmina Corporation, a leading integrated manufacturing solutions company, today reported financial results for the fiscal second quarter ended March 30, 2024 and outlook for its fiscal third quarter ending June 29, 2024.
TTM Technologies Reports First Quarter 2024 Results
05/02/2024 | TTM TechnologiesTTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency components and RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards , reported results for the first quarter 2024, which ended on April 1, 2024.
Worldwide Silicon Wafer Shipments Dip 5% in Q1 2024
05/01/2024 | SEMIWorldwide silicon wafer shipments decreased 5.4% quarter-over-quarter to 2,834 million square inches in the first quarter of 2024, a 13.2% drop from the 3,265 million square inches recorded during the same quarter last year, the SEMI Silicon Manufacturers Group (SMG) reported in its quarterly analysis of the silicon wafer industry.