Japan’s economy likely rebounded in Q2 with unleashing of consumers– poll




TOKYO – Japan’s economy likely rebounded in April-June from contraction in the previous quarter thanks to solid consumer spending in face-to-face services no longer hindered by coronavirus curbs, a Reuters poll showed on Friday.

For the current quarter, however, analysts are concerned about rising risks, including the possibility of global economic slowdown and a resurgence of COVID-19 cases in Japan.

The world’s third-largest economy likely grew at an annualized 2.5 percent rate in April-June, rebounding from a 0.5 percent contraction in the first quarter, according to the median forecast of 17 economists.

-Second-quarter expansion was driven largely by a projected 1.3 perc…

Keep on reading: Japan’s economy likely rebounded in Q2 with unleashing of consumers– poll



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