G 20 Economic Growth Slows to 0.7% in 4Q2011

March 16th, 2012
in econ_news

by Econ Staff

Econintersect: For 2011 , G20 GDP rose by +2.8%, as compared with the +5.0% growth recorded in 2010. The latest World Bank report records diverging patterns among the G 20 economies.  In US the growth rate increased to 0.7%  in 4Q 2011, from 0.5% 3Q 2011.    In China growth rate decreased to 2.0%  in 4Q 2011, from 2.3% 3Q 2011. In European Union growth rate decreased to -0.3% from 0.3%.  Strong performing economies have been Indonesia and India

Follow up:

As part of an initiative to reduce the data gaps, The International Monetary Fund has released data based on a set of 20 recommendations by G 20 Finance Ministers and Central Bank Governors.  The latest report released in Washington DC on March 14, 2012, is part of this initiative to provide timely data of G 20 economies.  Table below from the report tracks the changes in GDP growth.


Quarterly GDP in volume terms for the G20
Percentage change on the previous quarter, seasonally adjusted data

 

2009Q2 2009Q3 2009Q4 2010Q1 2010Q2 2010Q3 2010Q4 2011Q1 2011Q2 2011Q3 2011Q4

Argentina

0.4 0.4 2.3 3.6 2.9 0.6 3.0 3.2 2.4 1.1 ..

Australia

0.1 0.8 0.8 0.7 0.6 0.3 0.6 -0.3 1.4 0.8 0.4

Brazil

1.5 2.6 2.8 1.9 1.2 1.0 1.1 0.6 0.5 -0.1 0.3

Canada

-0.9 0.4 1.2 1.4 0.6 0.6 0.8 0.9 -0.2 1.0 0.4

China

.. .. .. .. .. .. .. 2.1 2.3 2.3 2.0

France

0.1 0.3 0.6 0.1 0.5 0.4 0.3 0.9 -0.1 0.3 0.2

Germany

0.3 0.8 0.7 0.5 1.9 0.8 0.5 1.3 0.3 0.6 -0.2

India

2.6 2.6 0.9 5.5 0.2 2.3 2.3 2.4 1.2 0.9 1.8

Indonesia

1.3 1.8 1.3 1.5 1.6 1.4 2.2 1.1 1.6 1.4 2.1

Italy

-0.2 0.4 -0.2 1.1 0.5 0.4 0.2 0.1 0.3 -0.2 -0.7

Japan

1.8 -0.2 1.8 1.5 1.3 0.6 -0.2 -1.8 -0.3 1.7 -0.2

Korea

2.5 3.4 0.2 2.1 1.4 0.6 0.5 1.3 0.9 0.8 0.4

Mexico

0.0 2.5 2.1 0.9 1.5 0.7 1.2 0.5 1.5 1.2 0.4

Russian Federation

-1.5 1.6 1.3 1.6 0.6 -0.1 2.2 1.1 0.3 1.3 ..

Saudi Arabia

.. .. .. .. .. .. .. .. .. .. ..

South Africa

-0.7 0.4 0.9 1.0 0.7 0.8 1.1 1.1 0.3 0.4 0.8

Turkey

5.2 4.2 1.0 0.7 3.8 1.3 3.6 1.9 1.1 1.7 ..

United Kingdom

-0.2 0.2 0.7 0.4 1.1 0.7 -0.5 0.3 0.0 0.5 -0.2

United States

-0.2 0.4 0.9 1.0 0.9 0.6 0.6 0.1 0.3 0.5 0.7

European Union

-0.3 0.4 0.4 0.5 0.9 0.5 0.2 0.7 0.2 0.3 -0.3

of which: Euro area

-0.2 0.5 0.4 0.4 0.9 0.4 0.3 0.8 0.1 0.1 -0.3

G20

0.7 1.2 1.3 1.5 1.2 1.0 1.1 0.8 0.8 0.9 0.7
Table below highlight the divergent acceleration' deceleration  trend:

Acceleration Deceleration Figures in Percent

Country Q1 2011 Q2 2011 Q3 2011 Q4 2011
US 0.00 -0.50 0.20 0.20
Europe 0.50 -0.50 0.10 -0.60
China Not available 0.20 0.00 -0.30
India 0.10 -1.20 -0.30 0.90
Indonesia -1.10 0.50 -0.20 0.70
.
Foe the next fiscal, China has projected a GDP growth of 7.5 percent and India slightly more of  7.6 percent.












Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved