Growth in G-20 economies slows

PARIS: Economic growth in the top G-20 countries slowed to 0.6% in the second quarter of 2012 from 0.7% in the first quarter, with slow and weak growth set to continue, the Organisation for Economic Cooperation and Development said.

Growth in China picked up to 1.8% from 1.6%. However, output for the 17 eurozone countries shrank by 0.2% from growth of 0.4%, while in Japan, growth fell to 0.2% from 1.3% and in South Korea to 0.3% from 0.9%. - AFP