Japan second-quarter GDP growth beats expectations but trade risks loom
Updated : August 10, 2018 06:50 AM IST
The economy grew 1.9 percent on an annualised basis in April-June, more than the median estimate for a 1.4 percent annualised increase.
Compared with the previous quarter, gross domestic product (GDP) rose 0.5 percent, more than the median estimate for a 0.3 percent increase and after a 0.2 percent contraction in January-March.
Private consumption, which accounts for about 60 percent of GDP, was the biggest contributor to growth in April-June, rising 0.7 percent. That was more that the median estimate for a 0.2 percent increase and marked a rebound from a revised 0.2 percent fall in the first quarter.
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