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17/05/2012 06:59 AST
Japan's economy expanded faster than estimated in the first quarter, boosted by reconstruction spending that's poised to fade just as a worsening in Europe's crisis threatens to curtail export demand.
Gross domestic product rose an annualized 4.1 percent from the final three months of 2011, exceeding all but seven of 27 estimates in a Bloomberg News survey of economists, a Cabinet Office report showed today in Tokyo. Singapore also reported a rebound in growth last quarter, while warning about the risk of a disorderly European debt default.
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Bloomberg
Ticker | Price | Volume |
---|
Index | Closing | Change |
---|---|---|
NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
DAX | 18,699.40 | 181.01 (0.97 |
S&P 500 | 5,626.02 | 30.26 (0.54 |
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