Article preview: The world’s third-largest economy posted decent growth in the final quarter of last year, but couldn’t avoid entering negative territory for 2020 as a whole. The latest official economic figures for Japan show the economy doing better than expected in the fourth quarter, growing by 3% between October and December, when compared to the same period a year earlier. However, the Japanese economy shrank by 4.8% for 2020 as a whole; it’s first annual contraction since 2009, in the aftermath of the global financial crisis.
Recovery for the third-largest economy in the world
This 377-word blog post looks at the latest economic figures from Japan, considering the factors behind its recovery and the fragile outlook. Written on 15th February 2021.
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