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Economy

Japan GDP surges annualized 21.4% but growth outlook remains weak

Driven by exports, economy grows in July-September for first time in 4 quarters

Employees work at a factory in Kawasaki, Japan. The country's July-September economic rebound marks the fastest pace of growth since the fourth quarter of 1968.   © Reuters

TOKYO -- Japan's economy rebounded in the July-September period following a deep slump caused by the coronavirus pandemic to mark its first expansion in four quarters, Cabinet Office data showed on Monday.

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