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Japan’s economy rebounds in third quarter, but coronavirus set to slow recovery

Japan’s biggest expansion in more than a half-century outpaced expectations as exports and consumption powered growth, though the recovery is likely to cool this quarter as the coronavirus sets new infection records at home and overseas.Gross domestic product grew an annualised 21.4 per cent in the three months through September from the previous quarter, the Cabinet Office reported on Monday. It was the fastest growth since 1968, helped by government stimulus that fuelled a sharp jump in…

Read the original article at South China Morning Post

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