- reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=JPGDA%3DECI GDP poll
- Robust capex to offset weakness in consumption
- New curbs, spike in infections cloud recovery outlook
TOKYO, Aug 6 (Reuters) – Japan’s economy likely recovered slightly in the second quarter from a steep slump at the start of the year, a Reuters poll showed, as solid exports and capital expenditure cushioned some of the blow to consumption from the coronavirus pandemic.
But analysts expect the world’s third-largest economy to lag other advanced nations emerging from the doldrums, as expanded state of emergency curbs and a resurgence in infections weigh on household spending. read more
“There won’t be much of a rebound from the first quarter’s big contraction. The data will show the economy continues to stagnate,” said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute.
“Conditions won’t improve much in July-September, as expanded…