PARIS: Gross domestic product growth in the Group of 20 economic powers slowed in the final three months of 2012 to 0.7 percent from 0.9 percent in the previous quarter, the Organisation for Economic Cooperation and Development said on Wednesday.
The fourth-quarter rate, the slowest since the second quarter of 2009, brought growth across the G20 group to 2.8 percent for the whole of 2011, down sharply from 5.0 percent in 2010, the Paris-based OECD said.
The OECD noted large divergences between the countries in the group, with the U.S. economy chalking up quarterly growth of 0.7 percent at the end of 2011, compared with -0.3 percent in the euro zone.
Most major economies have shown signs of perking up since the end of 2011, when fears that the euro zone's debt crisis could spiral out of control were weighing on the outlook.
indiatimes.com
The fourth-quarter rate, the slowest since the second quarter of 2009, brought growth across the G20 group to 2.8 percent for the whole of 2011, down sharply from 5.0 percent in 2010, the Paris-based OECD said.
The OECD noted large divergences between the countries in the group, with the U.S. economy chalking up quarterly growth of 0.7 percent at the end of 2011, compared with -0.3 percent in the euro zone.
Most major economies have shown signs of perking up since the end of 2011, when fears that the euro zone's debt crisis could spiral out of control were weighing on the outlook.
indiatimes.com
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