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Japan's GDP rebounds from quake, floods but trade war hangs over 2019

Reuters  |  TOKYO 

By Stanley WhiteTOKYO (Reuters) - Japan's economy bounced back in the fourth quarter as business and consumer spending recovered from the impact of natural disasters but trade frictions and a proposed sales tax hike are expected to hinder growth in 2019.The 1.4 percent annualised expansion in October-December matched the median estimate in a Reuters poll. It also followed an upwardly revised 2.6 percent annualised contraction in July-September as floods and an earthquake temporarily halted production.Real exports rose 0.9 percent in October-December from the previous quarter, the data from ...

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First Published: Thu, February 14 2019. 10:00 IST