Japan's Economy Grows Enough to Avert a Recession

Japan’s economy dodged a recession last quarter as gains in government and consumer spending compensated for a slide in business investment. Gross domestic product expanded by an annualized 1.7 percent in the three months ended March 31, exceeding all forecasts in a Bloomberg survey of economists, a Cabinet Office report showed on Wednesday. The October-to-December quarter was revised to a 1.7 percent contraction, worse than the previous estimate of a 1.1 percent drop. Aviva Investors Head of Multi-Assets Peter Fitzgerald discusses Japan and the outlook for China with Bloomberg's Anna Edwards on "Countdown."

Full Show: Bloomberg Daybreak: Americas (08/11)
40:47 - Bloomberg Daybreak: Americas hosted by David Westin and Alix Steel. Guests include Michael Purves, chief global strategist at Weeden & Co., Mike Mayo, bank analyst at Wells Fargo Securities, and Darrell Cronk, president & CIO at Wells Fargo Investment Institute. (Source: Bloomberg)
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