Japan’s gross domestic product fell less than estimated in the fourth quarter in a pullback that may prove temporary as overseas demand revives production after the nation fell behind China as the world’s second-largest economy.
The annualized 1.1 percent drop in GDP in the three months through December was driven by a slowing in exports and fading of government stimulus programs, Cabinet Office figures showed today in Tokyo. The median forecast of 26 economists surveyed by Bloomberg News was for a 2 percent drop.
Source: ESRI
This should look rather less dramatic if you consider the GDP per capita instead.
ReplyDeleteunfortunaltey for japan, you can't pay back your nominal debt with per capita real gdp
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