Japan – 1Q GDP
16/05/2018 08:42 am MYT
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In 1Q 2018, Japan’s real GDP contracted by a seasonally adjusted annual rate (SAAR) of 0.6%. This is the first contraction in over 2 years – see figure 1. As shown in table 1, domestic demand fell due to weak private consumption and investment. Meanwhile, net exports contributed 0.3 percentage points to economic growth. On a year-on-year basis, the real and nominal GDP rose by 0.9% and 1.4% respectively.

 

i Capital maintains its forecast that the Japanese economy will grow in the range of 0.9-1.5% in 2018.

 

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