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Japan's economy contracts most in 2 years, recession risk grows
short by Ashley Paul / on Wednesday, 15 November, 2023
Japan's economy contracted at fastest rate in two years as its GDP fell 2.1% in July-September quarter, according to provisional government data. The country's recession risk grew as GDP contraction snapped a two-quarter expansion streak and complicated central bank's efforts to gradually phase out monetary stimulus. Contraction is likely result of domestic inflation weighing on consumer demand.
read more at Reuters