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Australia exits first recession in almost 30 years

SYDNEY (AFP) Australia has exited its first recession in almost 30 years, after official figures released Wednesday showed the economy grew 3.3 percent in July-September compared with the previous quarter. With local transmission of Covid-19 largely under control, official data showed businesses have begun to rebound and consumer spending has

Japan exits recession as GDP grows 5.0% in Q3

TOKYO (AFP)  Photo: Collected/Business Today Japan’s economy exited recession in the third quarter, growing a better-than-expected 5.0 percent, government data showed Monday, following a record contraction. A rise in domestic demand as well as exports helped drive the quarter-on-quarter growth, after the coronavirus pandemic and a consumption tax hike slammed the