(Boursier.com) – Economic recovery is taking shape in Japan. In the first quarter, the country’s GDP grew 3.9% annualized, against an initial estimate of 2.4%, according to official data released Monday, Reuters reported. Economists had forecast an expansion of 2.7%.
Investment Dynamism
On a quarter over quarter, the increase was 1%, against + 0.6% in the first estimate and consensus of economists surveyed by Reuters 0.7%. This dynamism is largely explained by higher expenses than planned investment, or + 2.7% against + 0.4% in the first estimate and 2.3% expected by economists.
Return to growth
The OECD has updated its forecasts last week, is a GDP growth of 0.75% in 2015 and 1.5% in 2016 after contracting -0.1% in 2014. The activity would be “favored by the fall in oil prices and real wage growth” while the weaker yen should support exports, says the organization. Last year, the country had suffered from the entry into force of the VAT increase, from 5% to 8%.
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