Japan exits recession, makes a comeback with 5.0 percent GDP growth

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Japan witnessed a 21.4 percent increase in GDP amid COVID-19 situations. In the third quarter, Japan’s economy bounced back with an expansion of 5.0 percent compared to the previous quarters. The positive figures are welcomed after the 8.2 percent shrink in quarter 2 . Hike in domestic demand and exports have achieved this economical extension. These results exceeded the economist’s forecast of 4.4 percent growth.

 

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