Japan GDP growth revised downward
From Times Wire Services
Japan’s economy grew 0.4% in the three-month period that ended September from the previous quarter, the government said, revising an initial estimate of a 0.6% expansion.
The figure for gross domestic product for the third quarter in real, price-adjusted terms compared with economists’ consensus forecast for 0.7% growth.
It translated into an annualized expansion of 1.5%, compared with a preliminary reading of 2.6% growth and economists’ median forecast for a revision to a 2.7% expansion.
