Huge variations in the growth rates of G20 Economies should provide for classroom discussion on limits to growth and strategies to promote growth, particlarly in a developed world setting.
The latest data released by the OECD has shown that the G20's top performing economy, China, grew at an annualised rate of 7.6% whilst the weakest member, Italy, saw there economy shrink by 2.6%. The UK is the only other G20 economy to show negative growth.
The EU and the Eura area had annualised negative growth rates whilst also their seeing inflation figures for August rise to 2.7% and 2.6% respectively.
This video shows the differences in growth rates across the OECD and emerging economies. The OECD Chief Economist, Pier Carlo Padoan, puts forward the case for ECB and EU stimuli for growth.
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