Japan Q4 2020 GDP Annualized Growth 12.7%... Exceeds Expectations (Update)
[Asia Economy Reporter Kwon Jae-hee] Japan's Gross Domestic Product (GDP) grew by 12.7% in the fourth quarter of last year, marking positive growth for two consecutive quarters.
According to Bloomberg News on the 17th, Japan's Cabinet Office announced that the preliminary real GDP for the fourth quarter of 2020 grew by 12.7% compared to the previous quarter. This exceeded economists' forecasts of 7 to 10.1%.
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However, the GDP growth rate for the entire year of 2020 was -4.8%, marking the largest negative growth in 11 years since the global financial crisis in 2009 (-5.7%).
This content was produced with the assistance of AI translation services.
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