GDP growth of the G20 was 0.7 percent in the third quarter

Similarly to the second quarter, the gross domestic product (GDP) of the G20, which comprises the 19 largest economies and the European Union, grew by 0.7 percent in the third quarter.

According to data from the website of the Organization for Economic Cooperation and Development (OECD), South Africa’s economy shrank by 0.1 percent, compared to the second quarter.

Economic growth slowed from 1 percent to 0.4 percent in South Korea and from 0.9 percent to 0.3 percent in Canada. (MTI)