Japan shows a promising economic rebound with a positive GDP in the fourth quarter (October-December) of 2020. It is a step forward after two consecutive declining quarters. This reflects the nation's effort to recover from the economic effects of the COVID-19 pandemic. The specifics on the sectors that drove this growth are yet to be detailed.
This information is of great interest to the Japanese public as it provides an indication of the country's economic health. Economic stability and growth are important aspects that reflect the government's performance, and impact individuals' livelihood, corporate financial decisions, and investors' confidence.
Like in Japan, GDP numbers are closely watched in the US and the EU as they provide a measure of each country's economic standing and growth. Countries across the globe have been grappling with economic decline due to the COVID-19 pandemic, so any signs of recovery are considered important.