Japan's GDP grows annualized real 2.8% in Oct.-Dec., outlook murky

Japan's economy grew an annualized real 2.8 percent in the October-December period of 2024, marking the third straight quarter of expansion on robust corporate spending, but lackluster private consumption underscored the protracted effects of inflation, government data showed Monday.Nominal gross domestic product, which shows the size of the economy in current prices, totaled 609.29 trillion yen ($4.01 trillion), surpassing the 600 trillion yen mark for the first time on a calendar year basis, according to the Cabinet Office.In 2024, real GDP, which is adjusted for inflation and shows the t…READ FULL ARTICLE