Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  September 10, 2012 09:58:58

Japan - GDP revision lowered its growth 2Q half = 0.7%

Revision of Japan's GDP in 2Q preliminarily estimated growth decreased from 1.4 to 0.7% in annual terms. While the market awaited revision of growth of 1%. The strong reduction in growth figures for the cost of exports, which negatively responds to global demand reduction, and also to cool domestic demand and reducing capital investment. In the first quarter, the Japanese economy grew by 5.3%.

The economy as a whole in 2Q fell by 1% in annual terms compared with the previous growth of 5.5%.

The surplus of the current account deficit fell in July year on year by 41% to just 625.4 billion JPY = approx 8 mld.USD.
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Japonsko - revize HDP snížila jeho růst za 2Q na polovinu = 0,7%

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