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Japan's Q3 GDP grew by 22.9% at annualised rate

Japan's economy grew an annualised 22.9% in July-September, better than the initial estimate of a 21.4% expansion, revised data from the Cabinet Office showed on Tuesday

twitter-logoReuters | December 8, 2020 | Updated 13:33 IST
Japan's Q3 GDP grew by 22.9% at annualised rate

Japan's economy grew an annualised 22.9% in July-September, better than the initial estimate of a 21.4% expansion, revised data from the Cabinet Office showed on Tuesday, as it rebounded from a COVID-induced recession.

The revised figure for gross domestic product (GDP) compared with economists' median forecast for 21.5% growth in a Reuters poll.

Also read: China's November exports rise fastest in 2 years

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