KONTAN.CO.ID - TOKYO. Japan's economy expanded for a third straight quarter in April-June, as brisk exports helped offset the drag from a slowing post-COVID recovery in the services sector, although global recession prospects cloud the outlook. The 6.0% annualised growth in Japan's gross domestic product (GDP) figure translated into a quarterly gain of 1.5%, much bigger than median estimates of 0.8% in a Reuters poll. It followed a revised 3.7% expansion in the first quarter.
Japan's Q2 GDP Grows Much Faster than Expected, Helped by Exports
KONTAN.CO.ID - TOKYO. Japan's economy expanded for a third straight quarter in April-June, as brisk exports helped offset the drag from a slowing post-COVID recovery in the services sector, although global recession prospects cloud the outlook. The 6.0% annualised growth in Japan's gross domestic product (GDP) figure translated into a quarterly gain of 1.5%, much bigger than median estimates of 0.8% in a Reuters poll. It followed a revised 3.7% expansion in the first quarter.