Date: 2023-08-15T16:30:27Z Creator: Bitfolio Academy
The Land of the Rising Sun is on a roll! Japan, the globe’s titan of industry, has seen its economy surge by a whopping 6% on an annualized basis in the second quarter, which is so far ahead of expectations!
While the pessimists forecasted a lackluster rise of 0.8% for the quarter, Japan refused to keep the status quo, demonstrating an impressive economic growth of 1.5% in the second quarter.
The secret sauce behind Japan’s triumphant growth: the auto industry. Cars, cars everywhere, racing out of Japan onto roads worldwide. The country’s exports roared a powerful 3.2% ahead of the 1st quarter.
Even the most vivacious economies eventually need a breather. Just like the US, Japan’s rocket-like growth is expected to flatten in the second half of this year.
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