Markets boosted by Japan's 'Zoom boom' recovery and vaccine hopes – business live

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Markets boosted by Japan's 'Zoom boom' recovery and vaccine hopes – business live
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Rolling coverage of the latest economic and financial news

Japan has cheered global investors today by returning to growth, after the pandemic dragged its economy into an unprecedented recession. Japanese GDP grew by 5% in the third quarter of the year -- faster than expected, and the best quarterly growth on record after three quarters of contraction. That follows a record downturn of around 8.2% in April-June, and means that Japan’s economy is still almost 6% smaller than it was a year ago.

 

EmmaForni1

I went to the Zoom Boom Room once when I was younger, but all the leather and ropes made me feel uncomfortable.

95% only bad news(

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