TOKYO, Feb 15 ― Japan's economy rebounded in the final three months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in new Omicron variant infections cloud the outlook.
The world's third-largest economy expanded an annualised 5.4 per cent in October-December after contracting a revised 2.7 per cent in the previous quarter, government data showed on Tuesday, falling short of a median market forecast for a 5.8 per cent gain. Capital expenditure rose 0.4 per cent, against market forecast for a 0.5 per cent increase. External demand added 0.2 per cent point to GDP growth in October-December, compared with market forecasts of a 0.3 point contribution.
But a spike in Omicron cases forced the government to impose loose curbs on most areas and keep borders closed, which likely dampened consumption since the outset of this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IHS Markit: Malaysia’s banking sector outlook stable for 2022 | Malay MailKUALA LUMPUR, Feb 14 — The outlook for the Malaysian banking sector for 2022 is stable as economic activities are expected to return to pre-pandemic levels, leading to more jobs and higher wages. The sector will also be supported by a gradual increase in interest rates that...
Source: malaymail - 🏆 1. / 86 Read more »
Bullard: High US inflation puts Fed’s credibility ‘on the line’ | Malay MailWASHINGTON, Feb 14 — The Federal Reserve needs to accelerate the pace of interest rate increases to fight rising inflation, but can do so in a way that doesn’t roil financial markets, St Louis Fed President James Bullard said today. “Our credibility is on the line here,” Bullard said on...
Source: malaymail - 🏆 1. / 86 Read more »
Pakistan appeals court frees brother convicted of ‘honour killing’ of social media star | Malay MailLAHORE, Feb 14 — Pakistani appeals court today acquitted the brother of social media star Qandeel Baloch of her murder, a 2016 killing that sparked national outrage and changes in laws covering so-called “honour killings”. Muhammad Waseem appealed against his 2019 murder conviction and life...
Source: malaymail - 🏆 1. / 86 Read more »
Nations to review harrowing catalogue of climate impacts | Malay MailNEW YORK, Feb 14 — Nearly 200 nations kick off a virtual UN meeting today to finalise what is sure to be a harrowing catalogue of climate change impacts — past, present and future. Species extinction, ecosystem collapse, mosquito-borne disease, deadly heat, water shortages, and reduced crop...
Source: malaymail - 🏆 1. / 86 Read more »
Newcastle’s Trippier faces spell on sidelines after breaking foot | Malay MailLONDON, Feb 14 — Kieran Trippier has been ruled out of Newcastle’s “upcoming fixtures” after fracturing a bone in his foot during a 1-0 win over Aston Villa at the weekend, the club said today. The England full-back has been impressive for Eddie Howe’s side since joining the Magpies from...
Source: malaymail - 🏆 1. / 86 Read more »