Japan Revises GDP Growth Forecast Amid Challenges
Japan Revises GDP Growth Forecast Amid Challenges
Japan Revises GDP Growth Forecast Amid Challenges
News summary

Japan has revised its GDP growth forecast for the current fiscal year from 0.9% to 0.7% due to weaker exports, with the government planning a spending package to mitigate high living costs. The Philippine economy expanded by 5.2% in Q3 2024, its slowest pace in over a year, affected by declining exports and natural disasters, prompting the central bank to consider further interest rate cuts to boost investment. Meanwhile, India's economic growth is projected to reach 6.2% in Q2 2024-25, impacted by a high base from the previous year and excessive rainfall. Indonesia's GDP grew by 4.95% in Q3 2024, slightly below expectations, due to softer household consumption, despite strong investment growth driven by infrastructure projects. Overall, these Asian economies face varied challenges including domestic demand fluctuations, global market pressures, and the impact of environmental factors.

Story Coverage
Bias Distribution
100% Center
Information Sources
a3544a73-dab3-486d-ae75-bd4d15f01f55
Center 100%
Coverage Details
Total News Sources
1
Left
0
Center
1
Right
0
Unrated
0
Last Updated
6 days ago
Bias Distribution
100% Center
Related News
Daily Index

Negative

22Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News