GDP in G20 countries grew by 0.9 percent in the first quarter

The Organization for Economic Co-operation and Development (OECD) announced that GDP in G20 countries grew by 0.9% in the first quarter of 2024 compared to the previous period. The growth in the previous period was 0.7%.

According to the report published by the OECD, the economic performance of the G20 region in the first quarter of 2024 was mainly driven by China and India. Both countries and Turkey recorded higher GDP growth than the entire G20, along with Saudi Arabia, Korea and Indonesia. The highest growth occurred in Turkey with 2.4%.

G20 countries experienced 3.3% annual growth in the same period. In the previous period, annual growth data was 3.3%. The highest annual growth was in India with 8.4%.

G20 countries consist of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, England and the USA.

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