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."