Japan′s economy crawls out of recession 일본 경기침체 탈출
Автор: Arirang News
Загружено: 2015-02-16
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And finally, Japan′s economy has managed to pull itself out of a recession.
New government data shows a rebound in growth in the fourth quarter of last year.
Paul, give us a breakdown of the figures.
Well, the Japanese economy was able to turn things around by the end of 2014... after several disappointing quarters.
However, analysts are taking the news as a small victory for the world′s third-largest economy.
Official data released Monday showed the country′s GDP expanded at a rate of 2.2 percent for the October to December period.
Chief Cabinet Secretary... Yoshihide Suga... said Tokyo′s decision to postpone a second sales tax hike was behind the recovery.
"The economy grew at least 2.2 percent in the annualized rate, and I think it shows that the steps the government took were correct."
Economists predict the current slump in oil prices will translate into a boost to consumer and capital spending a trend that will likely help Japan continue to grow through the first quarter of this year. Ji-yoon.
Alright Paul, thanks for those updates. We′ll see you again... in just about two hours.
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