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Japan revises economic growth in 1Q downward, as latest data show sluggish demand and rising prices

Japan has revised earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank showed conditions remain sluggish.

Posted by Hicham ALAOUI RIZQ on 01 Jul, 2024

Introduction

Japan has revised earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank showed conditions remain sluggish.

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