| 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).
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| 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. |
| New WFE Research quantifies the impact of stock exchanges on economic growth January 6, 2025--The World Federation of Exchanges, the global industry association for exchanges and CCPs (The WFE), has published new research which analyses the link between stock market development and economic growth on a global scale.
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| 5 transformational trends shaping global finance January 6, 2025--The global economy has undergone seismic changes since the pandemic.
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