G20 GDP growth accelerates to 0.9% in Q2 2025: OECD

Growth rebounded strongly in the United States (from -0.1 per cent to 0.8 per cent) and in South Korea (from -0.2 per cent to 0.7 per cent) in Q2 2025. It also increased sharply in Turkiye (from 0.7 per cent to 1.6 per cent), South Africa (from 0.1 per cent to 0.8 per cent), and Saudi Arabia (from 1.1 per cent to 1.7 per cent).

Increases were also recorded in Japan (from 0.1 per cent to 0.5 per cent), Australia and Mexico (from 0.3 per cent to 0.6 per cent in both countries), France (from 0.1 per cent to 0.3 per cent), and Indonesia (from 1.2 per cent to 1.3 per cent), OECD said in a press release.

By contrast, the remaining G20 countries experienced either contractions or slower growth in Q2 compared with Q1 2025.

GDP contracted in Canada (by 0.4 per cent), Germany (by 0.3 per cent) and Italy (by 0.1 per cent). Growth slowed sharply in Brazil (from 1.3 per cent to 0.4 per cent) and, to a lesser extent, in the United Kingdom (from 0.7 per cent to 0.3 per cent), India (from 2 per cent to 1.7 per cent), and China (from 1.2 per cent to 1.1 per cent).

G20 real GDP grew by 3.3 per cent year-over-year (YoY) in Q1 2025, accelerating slightly to 3.5 per cent YoY in Q2 2025. Among G20 economies, India recorded the highest year-on-year growth rate at 7.3 per cent, followed by China (5.2 per cent) and Indonesia (5.1 per cent), while Germany recorded the lowest (0.2 per cent).

ALCHEMPro News Desk (SG)