Japan exited recession in the third quarter, but the rapid expansion only managed to claw back about half of the growth lost since last year. Photo: AFP
Japan’s economy rebounds in third quarter, but coronavirus set to slow recovery
- GDP rose 21.4 per cent, the fastest growth since 1968, helped by government stimulus that fuelled a sharp jump in consumer spending and a pickup in trade
- But Covid-19 cases are rising and Prime Minister Yoshihide Suga last week called for a third extra budget, meaning a slowdown in the recovery is likely
Japan exited recession in the third quarter, but the rapid expansion only managed to claw back about half of the growth lost since last year. Photo: AFP
