Tags: AS | Japan | Economy

Japan's October-December Growth Revised Upward to 1.9 Pct

Friday, 08 March 2019 12:37 AM

TOKYO (AP) — Japan's economy grew at an annual pace of 1.9 percent in October-December, according to revised data from the Cabinet Office that showed stronger investment than earlier reported.

The figure released Friday was an improvement over an earlier estimate for 1.4 percent growth in the final quarter of 2018.

It also showed a rebound from a 2.4 percent contraction in the previous quarter for the world's third-largest economy as storms and earthquakes crimped travel and spending.

On a quarterly basis, Japan's economy grew 0.5 percent in October-December.

Economists say slowing growth in China and weakening demand elsewhere are raising risks for a downturn in the coming months. The latest data show lower government spending also is hurting growth.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
GlobalTalk
Japan's economy grew at an annual pace of 1.9 percent in October-December, according to revised data from the Cabinet Office that showed stronger investment than earlier reported.The figure released Friday was an improvement over an earlier estimate for 1.4 percent growth...
AS,Japan,Economy
119
2019-37-08
Friday, 08 March 2019 12:37 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved