Senior Economist at UOB Group Alvin Liew assessed the recent publication of the Japanese GDP figures. Key Quotes “Japan’s 2Q 2019 GDP growth was revised lower to 0.3% q/q (1.3% annualized rate) from the previous print of 0.4% q/q (1.8% annualized rate) with the downgrade from capital expenditure (capex) and housing investment accounting for the growth revision”. “Despite the still positive 1H GDP growth print, we maintain a cautious stance on Japan’s 2019 growth outlook. We still expect GDP growth to ease further to 0.5% in 2019 (from 0.8% in 2018) in view of external trade headwinds and more importantly, the likely collapse of private spending in 4Q 2019 post-sales tax hike. And notwithstanding the Tokyo Olympics next year, we believe that Japan’s GDP will contract by 0.8% in 2020 as we hold the view that the sales tax hike will cause the likely collapse of private spending which will consequently drive Japan into a recession next year“. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Asian stocks wobble amid downbeat China PPI, welcome trade prospects FX Street 4 years Senior Economist at UOB Group Alvin Liew assessed the recent publication of the Japanese GDP figures. Key Quotes "Japan's 2Q 2019 GDP growth was revised lower to 0.3% q/q (1.3% annualized rate) from the previous print of 0.4% q/q (1.8% annualized rate) with the downgrade from capital expenditure (capex) and housing investment accounting for the growth revision". "Despite the still positive 1H GDP growth print, we maintain a cautious stance on Japan's 2019 growth outlook. We still expect GDP growth to ease further to 0.5% in 2019 (from 0.8% in 2018) in view of external trade headwinds and more importantly,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
