Japan Q1 GDP Growth Beats Expectations at 2.1 Percent
Japan's economy expanded at an annualized rate of 2.1% in the first quarter, exceeding market expectations of 1.7%. While private consumption and capital expenditure showed resilience, analysts warn that growth may slow as the impact of Middle East energy supply disruptions intensifies.
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Japan's economy grew an annualized 2.1% in the first quarter, exceeding the 1.7% median market forecast. The expansion follows a revised 0.8% rise in the previous quarter. On a quarter-to-quarter basis, the economy grew 0.5%, beating the 0.4% forecast and signaling a solid recovery path before recent geopolitical shocks clouded the outlook.
