Economics
Japan’s Economy Seen Clawing Back Half of Pandemic Losses
- Economists estimate annualized growth at 19% in last quarter
- Continued drop in business investment will weigh on recovery
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Japan’s sharp economic rebound in the last quarter likely recovered only around half the growth lost during the pandemic, official data is expected to show Monday, with weak business investment contributing to slowing momentum going forward.
Economists see gross domestic product jumping at an annualized pace of 18.9% in the three months through September, helped by improved trade with the U.S. and China, a comeback for the auto industry and the biggest increase in household spending since the start of the millennium.