Japan's GDP grew by 2.1% in the first quarter


The Japanese economy grew by 2.1% in the first quarter compared to the same period a year earlier, accelerating growth against a 1.6% increase in the last quarter of 2018. The acceleration of economic growth was a surprise for economists, who had expected a 0.2% decline in GDP. The volume of Japanese GDP in monthly terms also unexpectedly showed an increase of 0.5%, while analysts had expected it to decline by 0.1%. The main factor behind the growth of the Japanese economy in the last quarter was an increase in government spending by 1.5%. At the same time, export, which is one of the main engines of the economy, declined by 2.4%, noting the maximum rate of decline since 2015. The volume of imports fell by 4.6% for the quarter. Business reduced investment by 0.3%, consumer spending decreased by 0.1%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong