TOKYO (AP) — The Japanese economy grew at an annual rate of 12.7 percent in October-December, marking the second straight quarter of growth, amid a recovery from the slump caused by the coronavirus pandemic, according to government data released Monday. Japan’s seasonally adjusted gross domestic product had grown at a dramatic annualized rate of 22.9 percent in the July-September period. On quarter, the economy grew 3% in October-December, according to preliminary data. “With the coronavirus pandemic getting curbed, the end of the state of emergency and the rollout of the vaccine, the Japanese economy is expected to start recovering, returning to normal, starting from the April-June quarter,” Makino said. The Japanese economy grew at an annual rate of 12.7% in October-December, marking the second straight quarter of growth, amid a recovery from the slump caused by the coronavirus pandemic, according to government data released Monday.

Source: Egypt Independent February 15, 2021 08:15 UTC