Overall, the GDP of the G20 grew by 3.4% in 2014, the newspaper wrote.
A similar increase was recorded in the third quarter, with the strongest performance in the last quarter demonstrated by the economies of India and China - 1.6% and 1.5% respectively (after increases of 2.2% and 1.9% respectively in the third quarter).
Significantly lower were the rates of U.S. GDP increase (from 1.2% to 0.5%) and that of South Korea (from 0.9% up to 0.4%), the report says. The growth of Canada’s GDP has slowed from 0.8% to 0.6%, in the UK it was down from 0.7% to 0.5% and in France it dropped from 0.3% to 0.1%. Indonesia's GDP increased by 1.2% based on quarterly data from 2014.
In the fourth quarter, notable economic recovery was demonstrated in Germany (0.7% to 0.1%) and South Africa (1%, 0.5%) while there was less significant growth in Australia (to 0.5% from 0.4%), and Mexico (to 0.7% from 0.5%).
Japan has emerged from recession; the economy of Japan grew by 0.4% in the fourth quarter after seeing a 0.7% decline in July-September. Italy's GDP has not changed after posting a reduction of 0.1% in the third quarter.
Overall, in 2014 the GDP of the G20 grew by 3.4%, against 3.2% in the previous year.
