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In July-September the Japanese economy was expected to have surged for a seventh straight quarter. Such a period of unbroken expansion was last observed between 1999 and 2001, according to a Reuters survey found on Friday.
In the third quarter the country’s GDP is supposed to have ascended at an annualized rate of about 1.3%, as the survey of 20 market experts revealed.
The given outcome would mark a seventh straight surge quarter, which appears to be the longest period of growth since an eight-quarter marathon from April-June 1999 to January-March 2001.
Quarter-on-quarter surge of 0.3% is expected after an updated 0.6% soar in the second quarter.
Consumer spending was caught stalling in July-September, although export surge backed firm economic expansion, as experts explained.
The survey also discovered that private consumption, accounting for approximately 60% of GDP, went down 0.4% in the third quarter, which is the first dip for seven quarters.
Today the British PM Theresa May plans to discuss the current conditions of the Brexit deal with the European leaders. Is it happening again? What else will move the world of Forex today? Read the news!
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