Japan’s Blossoming 2.1% Growth Surprises Economists
5/19/19
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from The Wall Street Journal,
5/19/19:
The economy’s better-than-expected result in the first quarter was helped by growth in public investment.
The Japanese economy grew a better-than-expected annualized 2.1% in the first quarter of 2019, overcoming uncertainties in the global economy including the U.S.-China trade dispute.
Most economists had forecast that the figure for the January-March quarter would be flat or slightly negative.
The growth data showed some impact from the trade frictions in Japan, the world’s third-largest economy after the U.S. and China. Capital expenditures declined an annualized 1.2%.
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