April-June annual GDP growth of 2.2%, positive for 3 consecutive quarters, back to pre-corona level

The preliminary figures for the gross domestic product (GDP) for the April-June quarter announced by the Cabinet Office on the 15th increased by 0.5% compared to the previous quarter in seasonally adjusted figures, excluding the impact of price fluctuations, and increased by 2.2% on an annualised basis.

With the cancellation of priority measures to prevent the spread of the new coronavirus, personal consumption recovered and boosted the overall economy. Capital investment also increased. The actual amount of real GDP was 542.1 trillion yen, surpassing the October-December quarter of 2019 (540.8 trillion yen) before COVID-19.

(c) Nikkei Newspaper: 4～6月GDP年率2.2%増、3期連続プラス　コロナ前回復

Read More Here (Japanese): https://tinyurl.com/mj6reww

Original News Source: (c) Nikkei Newspaper #akonikk