Japan upgrades Q2 GDP on stronger business spending – MENAFN.COM

Japan upgrades Q2 GDP on stronger business spending – MENAFN.COM

(MENAFN - Gulf Times) Japan's economy grew faster than the initially estimated in the April-June quarter, helped by solid capital expenditure, although a resurgence in Covid-19 is undermining service-sector consumption and clouding the outlook.


Revised gross domestic product (GDP) data by the Cabinet Office released on Wednesday showed the economy grew an annualised 1.9% in April-June, beating