Japan’s economy says goodbye to recession

Japan has come out of recession after recording economy grew of 3.7% on an annualized basis from April to June 2009.

This is the first time for the world’s second largest economy has seen positive sign since March 2008.

Correspondents say that the positive sign became from a huge government stimulus package and it is unclear whether the momentum will be maintained or not.

Last week, the Federal Reserve shown the U.S. worst recession was over while Germany, France, and Hong Kong got a little optimism on their economies.

Source: CNN, BBC

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