A report from Industrial Info Resources has shown that economic growth in the G20 countries slowed to 0.6 percent in the second quarter of 2012 from 0.7 percent in the first quarter.

The Organization of Economic Corporation and Development (OECD) suggests this paints a gloomy picture of the global economy, with the slow and weak growth set to continue in coming quarters.

The leading indicators suggest G20 growth will continue to slow in coming quarters. Italy suffered the largest contraction with a 0.8 percent decline in output, while Turkey and China recorded the largest expansions, with their gross domestic product each rising 1.8 percent.

The easing for the G20 area marks the third quarter running of slowing growth but masks diverging patterns, with a moderate slowing in the U.S. and contraction in the eurozone, the OECD said in the report.

In Japan, growth fell to 0.2 percent from 1.3 percent. In the U.S., growth eased to 0.4 percent from 0.5 percent, and in Germany to 0.3 percent from 0.5 percent.

To read a full copy of the report go to: industrialinfo.com