Market Overview

Japan's GDP Drops In Third Quarter

Japan's economy contracted in the third quarter, according to the Cabinet Officer.

The country's gross domestic product declined 0.9% during the quarter. Japan's GDP dropped 3.5% on an annualized basis.

According to Reuters survey, economists were expecting a 0.9% drop in the quarter. On an annualized basis, Reuters had expected a 3.4% decline in GDP.

Posted-In: Japan's economyNews

 

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