Tag Archives: Coronavirus: Japan suffers its biggest economic slump on record

Coronavirus: Japan suffers its biggest economic slump on record

The Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic. The world’s third largest economy saw gross domestic product fall 7.8% in April-June from the previous quarter, or 27.8% on an annualised basis. Japan was already struggling with low economic growth before the crisis. The figures released on Monday are a stark reminder ...

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