TOKYO, Feb. 14 (Xinhua) -- Japan's economy shrank an annualized real 1.1 percent in the fourth quarter of 2010, marking the first contraction in five quarters, the Cabinet Office said Monday.% J+ U' V! f8 V
The October-December period figure, measured by gross domestic product, means a 0.3 percent fall from the previous three-month period.
2 G9 R* T. f8 J0 N# T& d1 [8 X/ V1 S The figures beat forecasts of an annualized 2.2 percent contraction and 0.6 percent quarterly decline in a Kyodo News survey.4 H( L* @2 \- I5 N( N
Japan's real GDP grew 3.9 percent in 2010. |