Japan's economy grows 12.7% in fourth quarter, beats forecast

Japan's economy grows 12.7% in fourth quarter, beats forecast
  • Clock-gray 06:18
  • calendar-gray 15 February 2021

Japan’s economy expanded by an annualised 12.7% in October-December last year, government data showed on Monday, a sign the country was emerging from the initial hit from the coronavirus pandemic, APA reports quotng Reuters.

The preliminary reading for fourth-quarter gross domestic product (GDP) exceeded economists’ median estimate of a 9.5% gain.

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