
Japan's household spending unexpectedly contracted 1.0% year-on-year in January, marking the second consecutive monthly decline and missing economist forecasts of a 2.5% increase, while the yen weakened to 157.870 against the dollar amid concerns over domestic consumption weakness.

U.S. January retail sales declined 0.2%, beating market forecasts of a 0.3% drop, while core retail sales rose 0.3%, exceeding expectations and signaling resilient underlying consumer demand despite year-end base effects.

Goldman Sachs warns that a sharp US stock market decline could significantly dampen economic growth, with a 10% drop potentially cutting GDP forecasts by 0.5 percentage points and a 20% fall reducing them by nearly 1 point, citing risks to consumer spending and the wealth effect.
Japan's Economy Sidesteps Recession Through Revised Growth Figures
Japan's economy grew a little in late 2023, avoiding a recession. Business spending helped, but people spent less. Government plans new actions.
#JapanEconomy, #EconomicGrowth, #Recession, #BusinessInvestment, #ConsumerSpending
https://newsletter.tf/japan-economy-growth-recession-avoided-2023/