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Japan's third-quarter economic contraction seen deepening as businesses cut spending: Reuters poll

Reuters  |  TOKYO 

By Kaori KanekoTOKYO (Reuters) - Japan's economy is expected to have contracted more sharply initially estimated in the third quarter, with analysts in a Reuters poll forecasting a steep drop in capital spending in a sign of rising headwinds in 2019 as global demand ebbs.The poll of 16 economists predicted the world's third-biggest economy to have shrunk an annualised 1.9 percent in July-September, worse than the preliminary reading of a 1.2 percent contraction.That would translate into 0.5 percent quarter-on-quarter fall in gross domestic product, compared with the initial estimate of a 0.3 ...

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First Published: Wed, December 05 2018. 12:21 IST