( ) -q-25- UNDATED (Correspondent Jeremy House) “quarters of contraction.” Japan’s economy managed to grow in the fourth quarter of last year, averting a recession. [CutID: <Cuts> JAPAN-ECONOMY-house-q-MONam.mp3 Time: 25s Title: JAPAN-ECONOMY-house-q-MONam Out-cue: quarters of contraction] TAG: Correspondent Jeremy House reporting. Real GDP is a measure of the value of a nation’s products and services. […]
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Japan’s economy avoids recession by growing in last year’s final quarter
( ) -q-25- UNDATED (Correspondent Jeremy House) “quarters of contraction.”
Japan’s economy managed to grow in the fourth quarter of last year, averting a recession.
[CutID: <Cuts> JAPAN-ECONOMY-house-q-MONam.mp3
Time: 25s
Title: JAPAN-ECONOMY-house-q-MONam
Out-cue: quarters of contraction]
TAG: Correspondent Jeremy House reporting. Real GDP is a measure of the value of a nation’s products and services. The annual rate measures what would have happened if the quarterly rate lasted a year.
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VERBATIM: According to revised government data that had previously shown a contraction, real gross domestic product grew in the October-to-December quarter at an annual pace of 0.4% instead of a contraction of 0.4%. The revision reflects an improvement in private capital investment. It also means Japan avoided sinking into a technical recession, generally defined as two straight quarters of contraction.