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2025/05/17
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Latest News:
PM emphasizes Germany's role in backing government's efforts to address pressing priorities
Tareq Saleh discusses with the Governor of Taiz and the Deputy Minister of Transport the acceleration ..
PM, U.S. Ambassador discuss bilateral relations
Prime Minister Receives Secretary-General of Gulf Cooperation Council
Deputy Foreign Minister discusses ways to enhance cooperation with Italian Official
Japan's economy shrank 0.5 percent in first quarter 2024
[10/06/2024 06:20]
TOKYO-SABA
Japan's economy recorded a contraction of 0.5 percent of GDP, compared to the fourth quarter of last year 2023, which recorded a quarterly growth of 0.1 percent the first quarter of 2024,
Japan's government office's data showed today, Monday, that the economy contracted during the first quarter by 1.8 percent annually, while analysts had expected an annual contraction of 2 percent after annual growth of 0.2 percent during the fourth quarter of last year.
The data indicated that capital spending during the first quarter recorded a quarterly contraction of 0.4 percent, while the rate of contraction of consumer spending remained unchanged at 0.7 percent compared to preliminary data released earlier.
Japan's economy recorded a contraction of 0.5 percent of GDP, compared to the fourth quarter of last year 2023, which recorded a quarterly growth of 0.1 percent the first quarter of 2024,
Japan's government office's data showed today, Monday, that the economy contracted during the first quarter by 1.8 percent annually, while analysts had expected an annual contraction of 2 percent after annual growth of 0.2 percent during the fourth quarter of last year.
The data indicated that capital spending during the first quarter recorded a quarterly contraction of 0.4 percent, while the rate of contraction of consumer spending remained unchanged at 0.7 percent compared to preliminary data released earlier.
Key words:
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