Japan’s economy grows unexpectedly strongly
November 16th, 2009 - 2:38 pm ICT by IANS ( Leave a comment )Tokyo, Nov 16 (DPA) Japan’s gross domestic product (GDP) grew unexpectedly strongly in the third quarter at an annualised rate of 4.8 percent, the government said Monday.
The growth was the highest since 2007 and beat analysts’ expectations.
GDP grew 1.2 percent compared to the previous quarter.
The government said that the figures proved that the economic recovery is continuing.
Private consumption, which contributes to about 60 percent of the country’s economic performance, rose in the third quarter by 0.7 percent in real terms compared to the previous quarter.
Capital investment rose by 1.6 percent.
Domestic demand contributed to 0.8 percentage points of the 1.2 percent rise in GDP and foreign demand to 0.4 percentage points.
- South Korea's economic growth revised up in Q3 - Dec 06, 2011
- Japan's economy growth slows, overtaken by China - Aug 16, 2010
- Brazil's accumulated GDP slows - Jun 04, 2011
- US boosts second-quarter growth estimate to 1.3 percent - Sep 30, 2011
- US economy shows signs of further weakening - Jul 30, 2011
- US personal incomes decline - Oct 01, 2011
- US economy grew 2.5 percent in third quarter - Oct 28, 2011
- China's GDP growth sees moderate slowdown (Lead) - Jul 13, 2011
- Indian economy grew 8.9 percent July-September - Nov 30, 2010
- Chinese economy expands 9.7 percent in first quarter of 2011 (Lead) - Apr 15, 2011
- South Korea's industrial output shrinks in October - Nov 30, 2011
- India's 8.9 percent July-September growth beats forecasts (Roundup) - Nov 30, 2010
- Consumer spending goes up in US - Aug 30, 2011
- US economy slows in first quarter - Apr 29, 2011
- Japan's GDP growth lowered to 5.6 percent - Dec 09, 2011
Tags: capital investment, dpa, economic performance, economic recovery, economy, gdp, gross domestic product, japan, percentage points, private consumption, tokyo
