Asia: Japan's economy grows more strongly in second quarter than initially estimated
The situation in the Middle East has put less of a damper on growth. And gross domestic product rose by 1.4 percent on an annual basis.
Japan's economy grew more than initially thought in the second quarter, with a 1.4% annualised increase in GDP, according to government data. This is an upward revision from the initial estimate of 1.1%, although analysts had expected a 1.6% growth. The economy grew 0.4% quarter-on-quarter, driven by a smaller decline in business investment than previously reported. The private sector's consumption stagnated, while external demand contributed 0.5 percentage points to growth.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
