Tag - gdp

 
 

GDP

Japan's corporate spending on plants and equipment jumped 16.4% in the fourth quarter from a year earlier, government data shows.
BUSINESS / Economy
Mar 4, 2024
Japan corporate capex jumps, paving way for BOJ exit from stimulus
Capital expenditure rose 16.4% in the fourth quarter from a year earlier, and 10.4% on a seasonally adjusted quarterly basis.
Prime Minister Fumio Kishida said the government would draw up a political policy package for the next three years or so for system reforms allowing the country's competitiveness and birthrate to improve by 2030.
BUSINESS / Economy
Mar 1, 2024
Japan may have lowest per capita GDP among major economies in 2060
The government estimate is likely to materialize if the country's productivity growth remains low as in recent years and the population continues to fall.
Indian Prime Minister Narendra Modi addresses the public on the outskirts of Varanasi, India, on Feb. 23.
ASIA PACIFIC
Mar 1, 2024
India posts surprise 8.4% surge in growth ahead of elections
The government predicts growth will reach 7.6% in the fiscal year through March, higher than an earlier projection of 7.3%.
A firefighter walks on mud and rocks from a mudslide during a storm in Los Angeles on Feb. 5.
ENVIRONMENT / Climate change
Feb 29, 2024
U.S. and Philippines pay highest economic price for climate-fueled weather
The U.S. currently experiences the worst losses in absolute terms: about $97 billion annually.
Moody’s predicts China's potential economic growth will decline to 3.5% by 2030, with weaker demographics and a graying population being a major driver of the slowdown.
COMMENTARY / World
Feb 21, 2024
China’s economic engine is running out of fuel
Moody’s now predicts that China's annual economic growth will fall to 4% in 2024 and 2025, before slowing further, to 3.8%, on average, for the rest of the decade.
Gross domestic product contracted 0.4% on an annualized basis in the October-December 2023 quarter, following a 3.3% contraction in the previous quarter.
BUSINESS / Economy
Feb 15, 2024
Japan loses spot as No. 3 economy after surprise GDP contraction
Analysts caution that the data is perhaps not as bad as it seems, given solid readings from other economic indicators.
Japan’s latest growth figures are set to confirm it slipped to become the world's fourth-largest economy last year.
BUSINESS / Economy
Feb 13, 2024
Japan GDP set to confirm slip to world’s fourth-largest economy
Figures for the calendar year are almost certain to show the value of output falling behind Germany’s in dollar terms.
World economic growth is expected to ease from 3.1% in 2023 to 2.9% this year, according to the OECD.
BUSINESS / Economy
Feb 5, 2024
OECD raises global growth outlook on strength of U.S. economy
Japan's projected growth rate is unchanged from the previous forecast at 1.0%, roughly half of the 1.9% a year before.
Asia's pandemic-era policies must now be unwound against a backdrop of slower GDP growth, higher inflation and increased debt.
COMMENTARY / World
Feb 4, 2024
A new economic policy agenda for Asia
Asia's pandemic-era policies must now be unwound against a backdrop of slower GDP growth, higher inflation and increased debt.
Gross domestic product data released on Thursday showed the U.S. economy ended the year with a bang, while China is struggling under the weight of a yearslong real estate bust and its worst streak of deflation in some 25 years.
BUSINESS / Economy
Jan 26, 2024
U.S. extends lead over China in race for world’s biggest economy
China was expected to experience a fast recovery as it reopened its economy fully after strict COVID-19 lockdowns, but that hasn't happened.
Chinese Premier Li Qiang arrives on stage during the annual meeting of the World Economic Forum in Davos, Switzerland, on Tuesday. 2024.
BUSINESS / Economy
Jan 17, 2024
China sees one of its worst years of growth since 1990 as recovery stalls
China's National Bureau of Statistics revealed that gross domestic product expanded 5.2% to hit 126 trillion yuan ($17.6 trillion) last year.
A man rides a scooter over a bridge across from the Lujiazui financial district in Shanghai on Jan. 9.
BUSINESS / Economy
Jan 16, 2024
China set to reach 2023 growth goal as focus shifts to new year
The figures for GDP, industrial production and retail sales are likely to show improvements from the same period in 2022, helped by a low base of comparison.
Japan's real economic growth rate for fiscal 2023 ending in March 2024 is estimated at 1.6%, up from 1.3% seen half a year ago.
BUSINESS / Economy
Dec 21, 2023
Japanese government lifts economic growth estimates
The real economic growth rate for fiscal 2023 ending in March 2024 is estimated at 1.6%, up from 1.3% seen half a year ago.
Japan’s economic recovery from the pandemic is losing momentum as overseas economies slow and sticky inflation weighs on domestic consumption.
BUSINESS / Economy
Dec 8, 2023
Japan’s deepest economic contraction since pandemic clouds path for BOJ
Gross domestic product contracted at an annualized 2.9% in the three months through September from the previous quarter as households reined in spending.
Japan's economy shrank 2.1% in the July-September period from the previous quarter on an annualized basis, suggesting that its economic recovery remains patchy.
BUSINESS / Economy
Nov 15, 2023
Japan’s economy shrinks, backing BOJ and government's stimulus case
Gross domestic product contracted at an annualized pace of 2.1% in the third quarter, deeper than economists’ estimate of a 0.4% shrinkage.
Economists estimate Japan's real gross domestic product shrank at an annualized 0.4% in the three months through September.
BUSINESS / Economy
Nov 14, 2023
Japan’s economy likely shrank in summer as recovery sputters
Economists estimate that real gross domestic product shrank at an annualized pace of 0.4% in the three months through September.
Japan's economy grew less than initially estimated in the second quarter as capital expenditure slid, suggesting heightening overseas uncertainties are weighing on business confidence.
BUSINESS / Economy
Sep 8, 2023
Japan economic growth revised down as firms and consumers cut back
Gross domestic product grew at an annualized 4.8% from the previous three months, revised figures from the Cabinet Office showed Friday.
Japanese companies raised spending on plants and equipment in the April-June quarter but the pace of annual gains slowed to the lowest in five quarters, reflecting global recession worries amid China's slowing growth.
BUSINESS / Economy
Sep 1, 2023
Japan firms cut capital spending over global growth concerns
The latest figures feed into a picture of Japan’s growth being overly reliant on overseas demand.
Japan’s economy has expanded at a much faster pace than forecast, despite weak domestic consumption.
BUSINESS / Economy
Aug 15, 2023
Japan’s GDP grows at 6% on strong exports as consumption falters
Capital spending by businesses was flat, versus forecasts of a 0.4% increase, while private consumption unexpectedly declined by 0.5%.
People board a shinkansen at Tokyo Station on Friday
BUSINESS / Economy
Aug 11, 2023
Holidaymakers to boost spending as Japan growth at tipping point
It is a mixed bag for Japan as everyday goods have become much pricier, but pent-up demand has aided private consumption.

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