
G20 GDP growth rose to 0.9% QoQ in Q2 2025, up from 0.7% in Q1, but country-level performance showed wide divergence.
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The United States rebounded to +0.8% QoQ from -0.1%, while Korea also recovered to +0.7% from -0.2%.
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Stronger growth was recorded in Türkiye (+1.6% vs +0.7%), Saudi Arabia (+1.7% vs +1.1%), and South Africa (+0.8% vs +0.1%).
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Japan improved to +0.5% QoQ (from +0.1%), while Australia and Mexico both accelerated to +0.6% (from +0.3%).
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France edged up to +0.3% (from +0.1%) and Indonesia to +1.3% (from +1.2%).
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By contrast, Canada (-0.4%), Germany (-0.3%), and Italy (-0.1%) all saw contractions.
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Growth slowed sharply in Brazil (+0.4% vs +1.3%) and moderately in the UK (+0.3% vs +0.7%), India (+1.7% vs +2.0%), and China (+1.1% vs +1.2%).
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On a YoY basis, G20 GDP expanded 3.5% in Q2 2025, up from 3.3% in Q1, with India (7.3%), China (5.2%), and Indonesia (5.1%) leading, while Germany recorded the weakest growth (0.2%).