Japanese economy sees recovery from pandemic slump
TOKYO (AP) — The Japanese economy grew at an annual rate of 12.7% in October-December, marking the second straight quarter of growth, amid a recovery from the slump caused by the coronavirus pandemic, according to government data released Monday.
The world’s third-largest economy saw growth in consumption, government spending and exports for the final quarter of last year, compared to the previous quarter, the Cabinet Office said.
Japan’s seasonally adjusted gross domestic product had grown at a dramatic annualized rate of 22.9% in the July-September period.
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