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Japan Q3 GDP revised down to 2.9% annualised contraction
2023-12-08 09:05:34

TOKYO (Reuters) - Japan's economy contracted at an annualised clip of 2.9% in July-September from the previous quarter, worse than the initial estimate of a 2.1% drop, government data showed on Friday.


The revised figure for gross domestic product (GDP) released by the Cabinet Office compared with economists' median forecast for a 2.0% decline in a Reuters poll.


On a quarter-on-quarter basis, GDP shrank 0.7%, compared with the initial 0.5% drop reading and a median forecast for a 0.5% fall.