Economic growth for the G20 picked up in the second quarter, driven by strong rebounds in the U.S. and Korea, according to the Organization for Economic Cooperation and Development (OECD).
Provisional estimates indicated that GDP growth across the G20 ticked up to 0.9% in the quarter, up from 0.7% in the first quarter, the Paris-based group reported.
The modest uptick in overall growth came amid sharply mixed results within the G20.
For instance, growth rebounded sharply in the U.S., jumping to 0.8% growth in the second quarter from a 0.1% contraction in the first quarter .
Korea also saw its GDP growth turn positive, rising 0.7% in the second quarter, after registering negative 0.2% growth in Q1.
The OECD said that growth also jumped in Turkey, South Africa and Saudi Arabia, and five other countries reported modest gains.
At the same time, the rest of the G20 saw growth slow, or even turn negative in the second quarter, led by a 0.4% contraction in Canada, along with negative quarters for Germany (0.3%) and Italy (0.1%).
Growth also slowed sharply in Brazil and the U.K., and it ticked down in China and India, the OECD noted.
For the G20 overall, GDP in the second quarter was up by 3.5%, compared with the same quarter in 2024, it noted — led by gains in India (7.3%), China (5.2%), and Indonesia (5.1%).