G20 economic growth weakens in 2012

  • The Group of 20 of major economies has reported slower growth in the three months ending in June.

    National output, measured by GDP, grew at an annual rate of 3 percent in the second quarter, compared with 3.2 percent in the first quarter.

    The figure takes into account the economic health of individual nations, which varied with China's output growing 7.6 percent while Italy's plummeted 2.6 percent due to recession.

    Taking global population growth into account, G20 output is essentially stagnating.

    The G20 data was compiled by the Organisation of Economic Cooperation and Development (OECD).