Japan faces recession – official data ...News

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Japan faces recession – official data
source : Russia Today ( News ) () 42
The country’s economy saw a sharp contraction in the third quarter The Japanese economy slipped into a contraction in the period from July to September, ending two straight quarters of growth, according to government data released on Wednesday. Gross domestic product (GDP) in the world’s third-largest economy contracted 2.1% in the third quarter in a much sharper decline than a median market projection for an annualized 0.6% drop. The slump followed an expansion of 4.5% in the second quarter. “Given the absence of a growth engine, it wouldn’t surprise me if the Japanese economy contracted again in the current quar

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