Japan outbreak pandemic economy Japan

Japan's economy grows 22.9% in 3Q, bouncing back from COVID

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MITO – Japan's economy expanded at a 22.9% annual rate in the last quarter, as businesses and personal spending recovered from pandemic-related shocks in the spring and early summer.

Economists said the upward revision released Tuesday was in line with forecasts and suggests Japan's economy, the world's third largest, is on the mend from the recession that started in late 2019, even before coronavirus outbreaks hit.

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