At a glance: Global growth stories

Global growth rates (%)

Q2 2010 Q1 2010 Q4 2009 Q3 2009

Statistics source: Eurostat (except Japan, US and UK Q2)

Germany

2.2

0.5

0.3

0.7

Europe's biggest economy is recovering at a record pace as demand for its goods returns with a vengeance. That bodes well for other economies as it buys components from overseas and makes equipment for foreign factories.

France

0.6

0.2

0.6

0.3

The recovery isn't as dramatic in France but it is on course to grow 1.4% this year. It hopes that by next year, spending cuts will have begun to cut its 8% deficit. As a result, 2011 growth is likely to be 2% - lower than first forecast.

Spain

0.2

0.1

-0.1

-0.3

The slowest rate of the major European economies and its PM has warned next quarter may be worse. Unemployment at nearly 20% is still a major concern as the government cuts spending to tackle its high budget deficit.

Greece

-1.5

-0.8

-0.8

-0.5

A contracting economy and unemployment climbing above 12% reflect the pain government austerity measures are causing. Economists fear the situation will get worse before it gets better.

Republic of Ireland

N/A

2.7

-2.7

-0.2

The rising cost of the government's support for the battered banking sector is a key concern, as it is predicted to weaken government finances further. Growth has returned, but unemployment is still on the rise, to 13.3%.

UK

1.2

0.3

0.4

-0.3

Recovery here will be "choppy", the Bank of England governor has warned. It faces the "headwinds" of poor bank lending, he said. It will also have to navigate major government spending cuts in the autumn.

United States

0.4

0.9

1.2

0.4

Its central bank has had to admit recovery over the last few months has been weaker than it had hoped. It had wanted to start withdrawing financial stimulus measures but this week maintained its $2tn (£1.3tn) programme.

Japan

0.1

1.2

1.1

0.1

The strength of the yen, which has hit a 15-year high against the dollar, is a cause for concern, as it makes goods more expensive abroad. Some fear that this may derail the recovery of this major exporter.

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