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30 September 2020 The on-line newspaper devoted to the world of transports 03:43 GMT+2

September 14, 2020

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Original news
In the second quarter of 2020, the GDP of the G20 countries recorded an unprecedented decline

The decline on the previous quarter was -6.9% and year-over-year of -9.1%

In the second quarter of 2020, the measures to contain Covid-19 pandemics have had a major impact on the activity most of the G20 countries that have recorded unprecedented declines in gross domestic product at constant prices. The Organisation for Economic Co-operation and Development (OECD) announced that overall the G20 GDP marked a cyclical change of a record negative sign of -6.9% compared to in the second quarter of 2019 which is significantly higher than compared to -1.6% in the first quarter of 2009 at the height of the financial crisis.

In the April-June period of this year, China was the only G20 nation to grow by 11.5%, OECD said it was "reflecting the early start of the pandemic in this country and the subsequent recovery of the economy. In other G20 economies, where the effects of pandemics began in the period to make themselves felt more gross domestic product contracted on average. 11.8%.

In particular, GDP fell dramatically in India (-25.2%), followed by the United Kingdom (-20.4%), Mexico (-17.1%), South Africa (-16.4%), France (-13.8%), Italy (-12.8%), Canada (-11.5%), Turkey (-11.0%), Brazil and Germany (-9.7%), United States (-9.1%), Japan (-7.9%), Australia (-7.0%) Indonesia (-6.9%). The contraction was less pronounced in Korea and Russia (-3.2% countries).

In the second quarter of 2020, the trend change in GDP G20 area was -9.1% in the second quarter of the year. 2019, after a year-on-year contraction of -1.7% in the quarter Previous. Among the G20 economies, China recorded the higher annual growth (3.2%), while India recorded the largest annual decline (-23.5%).

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