Skip to main content

Manufacturing slumping, but tourism set to rebound

Industrial production probably recorded the largest fall since the slump at the start of the pandemic last quarter. Q4 GDP will nonetheless rebound, helped by a strong recovery in services activity. But we still expect the economy to enter recession in the first half of this year. Meanwhile, the end of Zero-Covid in China raises the chances of a full rebound in Japan's inbound tourism.

Drop-Ins – The World In 2023 (10-11 January): Will 2023 be another rollercoaster year for economies and markets? Join our senior economists for these special briefings on 10th and 11th January to find out what to expect in the coming 12 months. Register now

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access