- POSTED: 12 Sep 2013 19:14
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Growth in the Group of 20 emerging and advanced economies accelerated in the second quarter of this year to 0.9 per cent from 0.6 per cent in the previous three month period, the OECD said on Thursday.
PARIS: Growth in the Group of 20 (G20) emerging and advanced economies accelerated in the second quarter of this year to 0.9 per cent from 0.6 per cent in the previous three month period, the Organisation for Economic Cooperation and Development (OECD) said on Thursday.
Most G20 members saw growth pick up momentum in April through May, with Turkey posting the highest quarter-on-quarter expansion of 2.1 per cent, said the OECD.
China followed with a marginal increase to 1.7 per cent growth, followed by fellow emerging market nation Brazil at 1.5 per cent.
Among developed nations, Britain, Germany and the United States all saw growth rise to 0.7 per cent, while France exited recession with 0.5 per cent growth.
Growth slowed marginally in Japan to 0.9 per cent and in Canada to 0.4 per cent.
Italy's contraction narrowed to 0.3 per cent, while Mexico went from a flat reading in the first quarter to a 0.7 per cent contraction.