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G20 GDP growth stable in Q1 2016 as pick-up in euro area and India offsets slowing China

Quarterly GDP in volume terms for the G20
Percentage change on the previous quarter, s.a.

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13/06/2016 - Growth of real Gross Domestic Product (GDP) in the G20 area* remained stable overall at 0.7% in the first quarter of 2016.

GDP growth accelerated in the euro area in Q1 2016 (to 0.6 %, compared with 0.4% in the previous quarter), with growth picking up in Germany, (to 0.7%, from 0.3%), France (to 0.6% from 0.4%) and Italy (to 0.3%, from 0.2%). Growth also picked up in Australia (to 1.1%, compared with 0.7% in the previous quarter), Canada (to 0.6%, from 0.1%), India (to 2.1%, its highest rate in over 5 years), Japan (to 0.5%, from minus 0.4%) and Mexico (to 0.8%, from 0.5%)r.

 

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