12/8/2021, 12:52 AM (Source: TeleTrader)
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Japan's economy contracts by 3.6% in Q3

The gross domestic product (GDP) of Japan went down by 3.6% on an annual basis in the third quarter of 2021, according to a final report released by the country's Cabinet Office on Wednesday.

The annualized value of goods and services produced by the nation in the three-month period was revised downwards compared to a drop seen in the preliminary report, which stood at 3%.

When compared to the previous quarter, the GDP plummeted by 5.5%, disappointing investors' expectations.

Baha Breaking the News (BBN) / NL