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Japan |
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| Abstract: | After the 0.3% contraction in GDP in Q2 the economy appears to have at least stabilised in Q3. Domestic demand growth is being offset by declining exports. A softer outlook for H2 means we have downgraded our 2015 GDP forecast to 0.6% (from 1% in July). For 2016 we now expect growth of 1.5% instead of 1.8%. |
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