G20 GDP growth rose to 0.9% QoQ in Q2 2025, up from 0.7% in Q1, but country-level performance showed wide divergence.

• The United States rebounded to +0.8% QoQ from -0.1%, while Korea also recovered to +0.7% from -0.2%.

• 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%).

• Japan improved to +0.5% QoQ (from +0.1%), while Australia and Mexico both accelerated to +0.6% (from +0.3%).

• France edged up to +0.3% (from +0.1%) and Indonesia to +1.3% (from +1.2%).

• By contrast, Canada (-0.4%), Germany (-0.3%), and Italy (-0.1%) all saw contractions.

• 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%).

• 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%).