Japan's Q2 GDP grows much faster than expected as exports zoom
Japan's economy expanded for a third straight quarter in April-June, as brisk auto exports and tourist arrivals helped offset the drag from a slowing post-COVID recovery in consumption, although global recession prospects cloud the outlook.
The 6.0 per cent annualised growth in Japan's gross domestic product (GDP) figure translated into a quarterly gain of 1.5 per cent. Image Source: Reuters