Growth in G20 countries accelerates

Growth in the Group of 20 emerging and advanced economies accelerated in the second quarter of this year to 0.9% from 0.6% in the previous three month period, the OECD said Thursday.

Cranes stand at a construction site in Hong Kong on August 4, 2009. Growth in the Group of 20 emerging and advanced economies accelerated in the second quarter of this year to 0.9% from 0.6% in the previous three month period, the OECD said.

Most G20 members saw growth pick up momentum in April through May, with Turkey posting the highest quarter-on-quarter expansion of 2.1%, said the Organisation for Economic Cooperation and Development.

China followed with a marginal increase to 1.7% growth, followed by fellow emerging market nation Brazil at 1.5%.

Among developed nations, Britain, Germany and the United States all saw growth rise to 0.7%, while France exited recession with 0.5% growth.

Growth slowed marginally in Japan to 0.9% and in Canada to 0.4%.

Italy's contraction narrowed to 0.3%, while Mexico went from a flat reading in the first quarter to a 0.7% contraction.

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Writer: AFP
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