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11/16/2020, 12:54 AM (Source: TeleTrader)
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Japan GDP up 21.4% YoY in Q3 after record low Q2

The gross domestic product (GDP) of Japan went up for the first time in 2020, rising by 21.4% on an annual basis in the third quarter of the year, according to a preliminary report released by the country's Cabinet Office on Monday.

The annualized value of goods and services produced by the nation in the three month period marked a higher increase than the estimated growth of 18.9%. When compared to the previous quarter, the GDP expanded by 5%, surprising expectations.

The data improved in contrast with the second-quarter figure which showed the country marking the worst economic decline on record.

Breaking the News / NL