Mexican Media Brands
Japan’s Recession Worse Than Forecast
Japan's gross domestic product shrunk by an adjusted 1.9% from April-June to July-September, deeper than the 1.6% shrinkage estimated previously by the government.
#economics
Share
Japan's gross domestic product shrunk by an adjusted 1.9% from April-June to July-September, deeper than the 1.6% shrinkage estimated previously by the government.
The contraction follows a 6.7% drop in the previous three-month period. Two quarters of declining GDP is generally considered an economic recession.
Other revised data indicate business spending declined 0.4% in the fiscal second quarter, twice the decline initially reported. Private consumption also has stalled since the country hiked its sales tax in April.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.