Japan Exits Recession
The world's second-largest economy is back in the black. Japan's economic growth is positive for the first time in over a year, beating expectations. The good news comes as the economies of Germany and France are also growing and China is in full boom. Kanpai!
The world’s second-largest economy is back in the black. Japan’s economic growth is positive for the first time in over a year, beating expectations. The good news comes as the economies of Germany and France are also growing and China is in full boom. Kanpai!
And now for the obligatory reality check: This global meltdown is by no means over and we could still be looking at more of a W than a V, besides which wages, consumer spending and joblessness aren’t doing so well, globally. — PS
Your support matters…The Guardian:
Japan has emerged from its worst recession since the end of the second world war, recording its first quarter of growth for more than a year amid a rise in exports.
Japan’s fledgling recovery, which comes after similarly upbeat data emerged from other major economies last week, saw GDP rise at an annualised rate of 3.7% in the April-June period, and by 0.9% from the previous three months, the cabinet office said.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
The viral outbreak is threatening to crimp worldwide economic growth and hurt profits and revenue for a wide range of businesses.
Since a pair of crashes left 346 dead, not a single member of the company's board has testified under oath. The public deserves answers.
A new report from the U.N.'s Intergovernmental Panel on Climate Change finds desertification is destroying the very soil that feeds us.
The administration wants to prevent most migrants from seeking asylum in the U.S. if they pass through another country first.
A new Russian-Chinese alliance threatens to upend the existing world order, argues Rob Jonson of the Institute on New Economic Thinking.
The president's fervently nationalist agenda has not only hurt our closest allies but undermined multilateral efforts to contain China.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.