The global economy slowed in the third quarter

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However, the GDP of the twenty largest countries (G20) shows the opposite: it grew by 1.7 percent in the third quarter after a more modest 0.4 percent expansion in the second quarter, but there were significant differences in the economy. performance of individual countries.

  • India After declining 11.6 percent in the second quarter, its economic performance increased by 12.7 percent in the third quarter, primarily due to increased capital investment and retail spending.
  • It also grew significantly on a quarterly basis Kingdom Saudi Arabia GDP, from 1.1% to 5.8% and
  • Turkey From 1.5 percent to 2.7 percent.
  • Canada Its economy grew 1.3 percent in the third quarter after declining 0.8 percent in the second quarter, and
  • Significantly increased France And Italia by 3 and 2.6 percent, respectively.

Meanwhile, some countries’ GDP growth slowed in the third quarter, in fact, vIt decreased on a quarterly basis. for example China Economic performance growth from 1.2 percent to 0.2 percent, South Korea It decreased from 0.8 percent to 0.3 percent while Australia its GDP by 1.9 percent, It belongs to South Africa 1.5 percent Japanese 0.9 percent, Indonesia 0.6 percent, Mexico It fell 0.4 percent. Brazil From the recession, after 0.4 percent in the second quarter, GDP fell 0.1 percent in the third quarter.

GDP growth slowed in the United States from 1.6 percent to 0.5 percent, in the United Kingdom from 5.5 percent to 1.3 percent, and in Germany from 2 percent to 1.7 percent. Gross domestic product growth in the Group of Twenty in the third quarter of this year was 2.3 percent higher than it was in the fourth quarter of 2019, which is not yet affected by the coronavirus epidemic.

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