US News

Japan’s economy rebounds in Q2, COVID clouds outlook

Published by
Reuters

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s economy rebounded more than expected in the second quarter after slumping in the first three months of this year, data showed, a sign consumption and capital expenditure were recovering from the coronavirus pandemic’s initial hit. But many analysts expect growth to remain modest in the current quarter as state of emergency curbs reimposed to combat a spike in infections weigh on household spending. The world’s third-largest economy grew an annualised 1.3% in April-June after a revised 3.7% slump in the first quarter, preliminary g…

Read More

Facebook Comments

Check Also

Hungary PM launches election campaign with $2 billion tax refund for families

Published by Reuters By Krisztina Than and Gergely ...

Archives