Japan`s economy shrinks at fastest pace since 2014, fuelling recession fears - business live
(The Guardian Business News)

Rolling coverage of the latest economic and financial news 7.28am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.Worries over the global economy have intensified today, after Japan´s economy suffered its sharpest contraction in five years.#Japan Q4 GDP Q/Q: -1.6% v 0.1% prior ...first contraction since Q3 2018 and steepest since Q2 2014 pic.twitter.com/2Eb0zf6mgHWow! #Japan`s economy shrunk by a whopping 6.3% annualized in Q4. Biggest decline in #GDP since Q2 2014 and second-biggest drop since the Great Financial Crisis. pic.twitter.com/4C3nf9JGTKConsumer spending fell almost 3% q/q, more than reversing the Q3 rise (0.5%) as households reacted to the October consumption tax increase. Private capital spending also slumped and the data will prompt talk of recession if the monthly data look like they are adding up to another fall in Q1. Continue reading...