OECD Says G-20 Grew at Weakest Pace Since 2009 in Second Quarter

The economy of the Group of 20 nations grew in the second quarter at the weakest pace since the start of 2009, the Organization for Economic Cooperation and Development said.

The combined economy of the G-20 area expanded 0.6 percent in the second quarter from the first, when it grew 0.7 percent, the Paris-based organization said in a report today.

That was the third consecutive quarter of slowdown and the softest since the first quarter of 2009, when the economy shrank 1.5 percent from the prior period.

The G-20 combines the world’s leading industrial and emerging economies.

To contact the reporter on this story: Simon Kennedy in London at skennedy4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.