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Japan's economy set to rebound in Q2 despite global demand slowdown
Posted on August 14, 2023 |
Japan's economy is anticipated to have experienced a growth of 3.1% annually in the April-June period, marking a third consecutive quarter of expansion.
The prior quarter saw an annualized growth of 2.7%, while on a quarter-to-quarter basis, an estimated expansion of 0.8% is projected.
In the April-June interval, external demand is forecasted to add 0.9% to the gross domestic product (GDP) growth, countering the 0.3% deduction observed in the initial three months of the year.
Overall, Japan's economy seems to be navigating the challenges of a globally evolving landscape with a resilient and steady recovery, as indicated by the Reuters poll results.