The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Thursday, May 15, 2014

Japanese GDP growth surged to its fastest level

In over two years in Q1, accelerating to an annualized 5.9% from 0.3% in Q4 and breezing past consensus of 4.2%. The economy was boosted by personal consumption soaring 8.5% as shoppers went on a spree prior to sales tax rising to 8% from 5% on April 1. A 4.9% rise in capex also helped. The downside is that the economy is expected to pull back in Q2 now that VAT has gone up.

No comments:

Post a Comment