JAPAN'S ECONOMY DIPS INTO RECESSION (STA BREAKING NEWS and ARCHIVES)

by STANews , Sunday, November 16, 2014, 20:27

Japan's economy unexpectedly shrank for the second consecutive quarter, marking a technical recession in the world's third largest economy.

Gross domestic product (GDP) fell at annualised 1.6% from July to September, compared to forecasts of a 2.1% rise.

That followed a revised 7.3% contraction in the second quarter, which was the biggest fall since the March 2011 earthquake and tsunami.

The economy shrank 0.4% in the third quarter from the previous one.

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http://www.bbc.com/news/business-30077122