Japan avoids technical recession as economic growth figures revised - BBC News

Data released last month indicated the country's economy had shrunk for a second quarter in a row.

10 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, Despite avoiding recession Japan still faces economic uncertaintyBy Peter HoskinsBusiness reporterJapan has avoided falling into a technical recession after its official economic growth figures were revised.

The revised data shows gross domestic product (GDP) was 0.4% higher in the last three months of 2023 compared to a year earlier.

Provisional figures released last month indicated the second consecutive quarter of economic contraction.

Two quarters in a row of an economy shrinking is typically considered the definition of a technical recession.

But the revised figures still came below expectations, as some economists had forecast an upward revision to fourth quarter GDP of around 1%.

https://www.bbc.co.uk/news/business-68531246

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