WORLD Japan exits recession as GDP grows 5.0% in Q3

WORLD

Japan exits recession as GDP grows 5.0% in Q3

AFP

10:00, November 16, 2020

Japan's economy grew 5.0 percent in the third quarter, government data showed on Monday, as signs of recovery began to emerge after the worst GDP contraction on record. A rise in domestic demand as well as exports helped drive the quarter-on-quarter growth, after the coronavirus pandemic and a consumption tax hike slammed the economy into reverse earlier in the year.

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