Pictet WM: Positive economic surprise in Japan warrants upgrade of growth forecast

28 August 2017 | 2 minutes read

Better-than-expected second-quarter growth in Japan – which was based on solid domestic consumption – has led Pictet Wealth Management to upgrade its 2017 GDP growth forecast for the country to 1.9% from 1.3%. In the second quarter, Japan’s economy grew by 1% QoQ in real terms, or 4% on an annualised basis, which was well ahead of the consensus forecast…

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