Japan Q3 GDP Revised down to 2.9% Annualised Contraction
10:33 JST, December 8, 2023
TOKYO, Dec 8 (Reuters) – Japan’s economy contracted at an annualized clip of 2.9% in July-September from the previous quarter, worse than the initial estimate of a 2.1% drop, government data showed on Friday.
The revised figure for gross domestic product (GDP) released by the Cabinet Office compared with economists’ median forecast for a 2.0% decline in a Reuters poll.
On a quarter-on-quarter basis, GDP shrank 0.7%, compared with the initial 0.5% drop reading and a median forecast for a 0.5% fall.
"News Services" POPULAR ARTICLE
JN ACCESS RANKING
- Nankai Trough Megaquake Tsunami could Hit in 2 Minutes; Japan Authorities Urge Caution after Recent Earthquake
- Typhoon Shanshan Forms, Slowly Moves Toward Japan; Govt Says Typhoon No. 10 Likely to Approach Japan Next Week
- Typhoon Ampil Approaching Japan
- Shizuoka Pref. City Offers Foreigners Free Japanese Language Classes; Aims to Raise Non-Natives to Daily Conversation Level
- Tokyo Companies Prepare for Ashfall From Mt. Fuji Eruption; Disposal Of Ash, Possibly at Sea, A Major Challenge