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Japan GDP: Natural disasters hit economic growth

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Seli Baisie
Journalist/ Entertainment and Lifestyle blogger.

Japan’s economy shrank in the third quarter as natural disasters hit spending and disrupted exports.
Preliminary figures show the economy contracted by one point two percent between July and September.
A devastating earthquake and typhoon were among the disasters that hit Japan this year, prompting the contraction.
The slowdown comes as the US and China fight a trade war which risks hurting global trade and growth.
Economists polled by Reuters had forecast a one percent contraction for the three months to September.
Exports fell by one point eight percent from the previous quarter, the fastest decline in more than three years.

SourceBBC NEWS

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