G20 GDP Grows, But the Road is a Bit Ridged
Big picture: Provisional numbers say the G20’s GDP jumped 0.8% in Q1 2025—just a touch shy of the 0.9% seen in the last quarter. The year‐on‐year lift is a solid +3.4%, unchanged from the previous year‑ahead round.
Drying Up in Korea & the U.S.
Three countries feel the sting of a downturn: Korea and U.S. slipped –0.2% and –0.1% respectively, after modest gains of 0.1% and 0.6% in the preceding quarter.
Turkey & Japan – Slowed to a Crawl
- Turkey: From a brisk 1.7% growth to a more modest 1.0%.
- Japan: A complete stop‑gap, dropping from 0.6% to 0.0%.
Other Nations: Moderately Relaxed
- China eased from 1.6% to 1.2%.
- Australia slowed from 0.6% to 0.2%.
- South Africa fell from 0.4% to 0.1%.
- Indonesia tightened a notch from 1.2% to 1.1%.
- Canada stayed steady at 0.5%.
Rallying Stars – Brazil & Britain
- Brazil: Boom! From 0.1% to 1.4% – a 1.3‑point surge.
- United Kingdom: From 0.1% to 0.7% – a solid improvement.
Gradual Uplift & Some Comebacks
- Saudi Arabia, India, Italy: Kinda smooth sailing – from 0.9% to 1.1%, 1.9% to 2.0%, and 0.2% to 0.3% respectively.
- Mexico, Germany & France: The little heroes who bounced back – from –0.7% to +0.2% (Mexico), –0.2% to +0.4% (Germany), and –0.1% to +0.1% (France).
Year‑On‑Year Leaders
- India: Starring with the highest YoY gain at 6.9%.
- China: Not too far behind at 5.4%.
- Indonesia: 4.8% keeps it in the top tier.
- Korea: Faces the biggest dip at –0.3%.
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