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Glance: Economic growth around the world

Glance: Europe emerges from recession, but still trails US, Japan in second quarter growth

Glance: Economic growth around the world

The recession in the 17-country eurozone ended in the second quarter of the year. Its growth is weak, however, and lags the rates of other major developed economies.

Here are the quarter-on-quarter growth rates for the world's largest economies:

CountryQ2 growth vs Q1Explanation
United States0.4Steady growth, though jobs gains still patchy
China1.7High growth but slowing as govt tries to rein in easy credit market
Japan0.6More government spending, weaker yen has boosted growth
Eurozone (17 countries)0.3Less focus on debt cuts, ECB support have ended recession but recovery seen weak
European Union (28 countries)0.3Recovering slowly as trade with eurozone improves slightly
Germany0.7Enjoying stronger exports, economic confidence
France0.5Improvements in consumer spending
United Kingdom0.6Increase in manufacturing activity and housing market
Italy-0.2Financial crisis has forced steep spending cuts, but confidence stabilizing
Sources: Eurostat, National Bureau of Statistics of China

Updated : 2021-05-10 14:15 GMT+08:00