OECD sees Japanese growth slower at just above 2.0 pct in 2005
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The Japanese economy is expected to grow just above 2.0 percent in 2005 and 2006, losing some steam on slower exports after an estimated robust 4.0-percent expansion this year, according to the OECD.
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The Philippine economyâs projected 4.5-percent growth in 2005 would be the slowest among developing Asian economies, fresh data from the World Bank show.
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Economic growth in Japan slows down as the country experiences a drop in domestic and corporate spending.
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The OECD cut its 2005 economic growth forecast for the euro zone and other major economies on Tuesday, blaming a &quot;surge in oil prices&quot; and the slide in the dollar.
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The U.S. economy is slowing but the outlook is benign, while Japan is poised for its longest post-war growth spell, OECD chief Angel Gurria said on Thursday.
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TOKYO  - Japan downgraded its economic assessment for the first time in more than a year Tuesday, noting slower export growth and curbed production, but said the recovery is continuing.
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The British economy will pursue growth of 2.5-2.75 percent until the end of 2008, according to the OECD.
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The latest Japanese data painted a mixed picture of the world's second-largest economy, with a sharp improvement in the unemployment rate offset by continued deflation and modest industrial output.
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Japan&#39;s economic growth in the April-June period was revised down to 0.3 percent in real terms, dropping 0.1 percentage points from the previously released figure,the government said Friday.
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TOKYO Sept. 10, 2004 - Japan revised its economic growth numbers for the April-June quarter downward Friday, but analysts shrugged off the report and said recovery was on solid footing for the world&#39;s second largest economy.
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A slowdown in the US will crimp global economic growth in 2007, a report from the OECD predicts.
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A German research institute lowered its economic growth outlook for Germany for 2005 on Tuesday, saying exports are expected to slow and domestic demand will not rise enough to make up the difference.
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The pace of Japan's economic growth is slowing due to a big drop in housing investment and the slowdown is likely to persist for some time, a senior central bank official said in a speech Thursday.
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Japan's industrial production falls and unemployment rises, providing more evidence of a slowdown in the world's second largest economy.
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TOKYO Japan&#39;s once-robust recovery slowed to a near standstill in the third quarter as consumer spending weakened more than expected, according to revised growth figures released on Wednesday.
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Japanâs economy contracted in the April-June quarter, the government said in a revision of its preliminary estimate that it had expanded. The latest data suggest that Japanâs economy may be suffering a slowdown in its pace of growth, making it harder for the Bank of Japan to raise interest rates anytime soon. The government said the nationâs gross domestic product fell 1.2 percent on an annual basis in the April-June period, the first contraction in three quarters. Its preliminary estimate was that the economy had grown 0.5 percent in the spring quarter.
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The UK economy is set to slow markedly in 2005, consultancy firm Deloitte warns, with growth of just 2%.