Daily Management Review

Japan's GDP grows worse than forecast in Q4


Japan's GDP in the fourth quarter of 2021, according to a preliminary estimate, grew 5.4 percent year over year (if GDP had grown at the same rate for four consecutive quarters), government data show.

Analysts polled by DailyFx expected growth of 5.8%.

By the previous quarter, Japan's GDP had grown 1.3%. Analysts had forecast growth of 1.4%.

Compared to the fourth quarter of 2020, the figure was up 0.7%.

Personal consumption, which accounts for up to 60% of Japan's GDP, increased by 1.4%.

Public investment fell 0.2% quarter-on-quarter in the reporting period, while private investment rose 0.1%. Exports in quarterly terms increased by 0.2%, while imports remained unchanged from the previous quarter.

source: dailyfx.com