Japan sliding towards recession
Japan’s economy shrank at the fastest pace in almost six years in the final quarter last year, hit by a rise in sales tax, destruction caused by typhoon Hagibis and a slowdown in global demand as a result of the US-China trade war. Gross domestic product shrank between October and December by an annualised 6.3 per cent, government data showed — much faster than the market forecast of a 3.7 per cent drop and the first decline in five quarters. There are concerns that the coronavirus outbreak
Japan’s economy shrank at the fastest pace in almost six years in the final quarter last year, hit by a rise in sales tax, destruction caused by typhoon Hagibis and a slowdown in global demand as a result of the US-China trade war. Gross domestic product shrank between October and December by an annualised 6.3 per cent, government data showed — much faster than the market forecast of a 3.7 per cent drop and the first decline in five quarters. There are concerns that the coronavirus outbreak
Read in The Times of London: https://apple.news/AQb6ohUZOREuhp7nssPjgGg
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