Japan’s economy stages modest bounce from COVID jolt, global outlook darkens

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Reuters

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s economy rebounded at a slower-than-expected pace in the second quarter from a COVID-induced slump, data showed on Monday, highlighting uncertainty on whether consumption will grow enough to bolster a much-delayed, fragile recovery. A revival in Japan, like many other economies, has been hobbled by the Ukraine war and surging prices of commodities even as rising consumption propped up growth in April-June. “Consumption and capital expenditure will continue to drive growth in July-September. But momentum may not be that strong as ris…

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