G20 GDP growth remains relatively stable in the second quarter of 2024

September 12, 2024--Gross domestic product (GDP) growth in the G20 area remained relatively stable in Q2 2024, with a 0.7% quarter-on-quarter increase according to provisional estimates, slightly down from 0.8% in the previous quarter (Figure 1).

China, India, and the United States contributed the most to G20's economic growth in Q2 2024, 1 although Brazil and Saudi Arabia saw the highest growth rates (both at 1.4%). Growth in both China and India slowed (from 1.5% to 0.7% and from 1.7% to 1.3%, respectively).

Japan saw a significant recovery, from a 0.6% contraction in Q1 to a 0.7% expansion in Q2, whereas the United States recorded a more modest increase, from 0.4% to 0.7%.

The remaining G20 countries experienced weaker growth than the G20 as a whole, with GDP in Korea and Germany even contracting (by 0.2% and 0.1%, respectively). Growth in Turkey slowed sharply, from 1.4% to 0.1%. France, Italy, and the United Kingdom recorded minor decreases (with growth rates of 0.2%, 0.2% and 0.6% respectively). On the other hand, Canada and Mexico saw small increases (to 0.5% and 0.2%, respectively), while growth picked up in South Africa to 0.4% in Q2, after no growth in Q1. Growth remained stable in Australia at 0.2% and little change was observed in the European Union and the euro area, both zones recording 0.2% in Q2 compared to 0.3% in Q1 2024.

WTO issues new edition of World Tariff Profiles

July 7, 2025-The WTO published on 7 July the 2025 edition of World Tariff Profiles, which provides comprehensive data on the tariffs and non-tariff measures imposed by over 170 economies. It is a joint publication of the WTO, the International Trade Centre (ITC) and UN Trade and Development (UNCTAD).
The publication provides summary tables listing the average "bound" (maximum) tariffs and applied tariffs for each economy for both agricultural and non-agricultural products as of end-2024.

Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective

July 3, 2025-Tokenization unlocks efficiencies like instant settlement, 24/7 trading, and fractional ownership-but real-world adoption depends on solving infrastructure and regulatory challenges, not just technology.
Market makers face key friction points in tokenized markets: fragmented liquidity requiring pre-funding across blockchains, lack of product-market fit without real demand, and operational complexity from 24/7 trading.