– Japan’s economy shrank in the third quarter as natural disasters hit spending and disrupted exports, reports.
AKIPRESS. COM – Japan’s economy shrank in the third quarter as natural disasters hit spending and disrupted exports, BBC reports.
The economy contracted by an annualised 1.2% between July and September, preliminary figures showed.
A devastating earthquake and typhoon were among the disasters to hit Japan this year, and prompted the bigger than expected contraction.
The slowdown also comes as the US and China fight a trade war which risks hurting global trade and growth.
