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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Japan's GDP in the IV quarter fell at the fastest rate since 2014

February, 17 2020
watermark Economic news

In the fourth quarter of 2019, Japan's GDP fell by 6.3% year on year after increasing the consumption tax in the country. Such rates of decline became the highest over the past 5.5 years. The fall in GDP was noted for the first time since the third quarter of 2018.


Analysts had expected the Japanese economy to decline in the fourth quarter by only 3.7%. In the third quarter, according to revised data, Japan's GDP grew by 0.5%, and not by 1.8%, as previously reported.


Analysts also fear that the country's economy may contract in January-March 2020 against the backdrop of the spread of the Chinese coronavirus. A fall in GDP over two consecutive quarters will mean a technical recession.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.