Monday, February 16, 2015

Japan out of recession but prelim GDP missed estimates

The preliminary GDP in Japan saw a 0.6% growth in the forth quarter of 2014, a positive territory since the third quarter`s contraction of -0.5%. Economists however were expecting a 0.9% growth. Overall, this meant that the annualised GDP grew at a pace of 2.2% in 2014.

In addition, today`s positive figure brings Japan out of a recession.

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