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Latest News:
Leadership Council Member al-Arada returns to Marib after successful foreign tour
Defense Minister meets with chief British Military advisor in Middle East
Minister of Endowments Discusses Cooperation with Turkish Agency TIKA
Foreign Minister discusses with IOM cooperation
Marib Deputy Governor Discusses “Kanaf” Project with Yamani Foundation
Japan's economy grows 2.8 percent
[17/02/2025 06:40]
TOKYO-SABA
Japan's economy grew 2.8 percent year-on-year from October to December.
Official data showed today, Monday, that nominal Gross Domestic Product (GDP), which shows the size of the economy at current prices, reached 609.29 trillion yen (£4.01 trillion), surpassing the 600 trillion yen barrier for the first time on a calendar year basis in 2024.
Real GDP, adjusted for inflation and showing the total value of goods and services produced, grew by 0.1 percent, marking the fourth consecutive annual gain, but the pace of growth slowed sharply from 1.5 percent in 2023 as Japanese households struggled to cope with the rising cost of living without significant gains in real wages.
Japan's economy grew 2.8 percent year-on-year from October to December.
Official data showed today, Monday, that nominal Gross Domestic Product (GDP), which shows the size of the economy at current prices, reached 609.29 trillion yen (£4.01 trillion), surpassing the 600 trillion yen barrier for the first time on a calendar year basis in 2024.
Real GDP, adjusted for inflation and showing the total value of goods and services produced, grew by 0.1 percent, marking the fourth consecutive annual gain, but the pace of growth slowed sharply from 1.5 percent in 2023 as Japanese households struggled to cope with the rising cost of living without significant gains in real wages.
Key words:
SABA Japan's - Official - significant - consecutive - surpassing - households - inflation - struggled - calendar - Real -
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