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Japan’s economy grows more-than-estimated 4.1% on quake work

Japan’s economy grows more-than-estimated 4.1% on quake work

17 May 2012 10:20 (UTC +04:00)

Baku - APA-Economics. Japanâ€™s economy expanded faster than estimated in the first quarter, boosted by reconstruction spending thatâ€™s poised to fade just as a worsening in Europeâ€™s crisis threatens to curtail export demand.

Gross domestic product rose an annualized 4.1 percent from the final three months of 2011, exceeding all but seven of 27 estimates in a Bloomberg News survey of economists, a Cabinet Office report showed today in Tokyo. Singapore also reported a rebound in growth last quarter, while warning about the risk of a disorderly European debt default.

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