Report
2nd Quarter GDP, Consumption Worse than 1997
posted by Richard Katz on August 13, 2014
Found in Japan, categorized in Growth Outlook and Business Cycle
Report Cover
Headline
The consensus estimate for July-September prior to the release of the April-June numbers was that GDP would rebound at a 3-4% annual rate, and that this would be enough to let the second tax hike proceed on schedule.
Abstract
The fallbacks in consumption and GDP were both markedly worse this April-June than after the analogous tax hike in 1997.