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G20 GDP growth continues at a steady pace in the fourth quarter of 2023

13 Mar 2024 – Gross domestic product (GDP) in the G20 area grew by 0.7% quarter-on-quarter in the fourth quarter of 2023 according to provisional estimates, slightly down from 0.8% in the previous quarter (Figure 1).

The economic performance of G20 countries was mixed in Q4 2023. GDP growth weakened in China (to 1.0% in Q4 compared with 1.5% in Q3)andthe United States (to 0.8% in Q4 compared with 1.2% in Q3). In Mexico, GDP growth fell from 1.1% in Q3 2023 to 0.1% in Q4. GDP growth slowed slightly in Australia and turned negative in Germany and the United Kingdom (-0.3% in Q4 in both countries).


         

   

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