|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Saturday 05th of February 2011
November 16, 2009    

Japanese economy grows for second consecutive quarter

Bookmark and Share

by Kay Murchie

Japan’s economy grew by 1.2% in the third quarter confirming that it has officially exited recession.

The news comes just a few days after France and Germany’s economies also experienced positive growth in the third quarter, while it was confirmed on Friday that the euro zone had emerged from recession in the third quarter.

The rise in Japan’s GDP takes the annual rate of growth to 4.8% and while economists believe there is little chance of the world’s second largest economy returning to recession, overall growth is likely to be sluggish for years.

The third quarter figure beat expectations of Kyodo news agency’s forecast for quarterly growth of 0.6% and an annualised increase of 2.6%.

The UK is now one of the world’s leading economies that is still in recession after contracting by 0.4% during the third quarter - it was the first time the UK had endured six consecutive quarters without growth since the ONS began gathering the data in 1955.

Discuss this in the Finance Markets forums

Story link: Japanese economy grows for second consecutive quarter

Related financial stories to: Japanese economy grows for second consecutive quarter:
Previous: «
Next: »

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , , , , , , , , , ,

Visited 1187 times, 1 so far today