Japan’s Q4 GDP revised up to slight expansion, economy avoids recession ...Middle East

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External demand contributed 0.2 percentage points to real GDP, unchanged from the preliminary reading Japan’s economy avoided a technical recession, revised government data showed on Monday, even though the upward change in the fourth quarter was weaker than expected and highlighted concerns about the sluggish economic recovery. Japan’s revised gross domestic product (GDP) expanded at an annualised clip of 0.4 per cent in the October-December period from the previous quarter, better than the initial estimate for a 0.4 per cent contraction, according to the Cabinet Office. It was, however, below economists’ median forecast for a 1.1 per cent uptick in a Reuters poll.

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Last updated : 11 March 2024 clock 09:24 AM

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