Japan's Economy In 2nd Quarter Grows Slower Than Estimated

Faizan Hashmi Published September 09, 2024 | 12:40 PM

Japan's economy in 2nd quarter grows slower than estimated

ANKARA, (UrduPoint / Pakistan Point News - 9th Sep, 2024) The gross domestic product (GDP) in Japan grew 2.9% year-on-year in the second quarter of 2024, slower than initially estimated, according to Cabinet Office data released on Monday.

The figure shifted from a 2.

4% contraction in the first quarter and was below market forecast of a 3.2% growth.

The world's fourth-largest economy grew 0.7% in April-June period, a slight downward revision from the flash data of 0.8% growth.

Private consumption and capital investment growths were both revised lower to 0.9% and 0.8%, respectively.

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