Japan’s GDP expanded grew at an annualised rate of 2.8 per cent in the October to December 2024 period, significantly exceeding consensus analyst estimates and marking the third straight quarter of expansion.
The preliminary report, released by the Cabinet Office on Monday, showed a quarter-on-quarter, inflation-adjusted real GDP expansion of 0.7 per cent, versus the median forecast of a 0.3 per cent rise, according to analysts polled by Reuters.
Japan’s overall GDP figure was further boosted by corporate spending, which rose 0.5 per cent quarter on quarter.
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