Gross domestic product in the G20 area fell 0.4% quarter-on-quarter in the second quarter of 2022 after rising 0.5% in the first three months, according to provisional estimates.
The slowdown in the G20 area in Q2 2022 mainly reflected the sharp contraction in China, where GDP fell by 2.6% quarter-on-quarter, as a result of lockdowns imposed to contain COVID-19 outbreaks, after rising by 1.4% in Q1 2022.