" /> Japan Suffers Its Most Significant Economic Slump on Record - Sahar News
Home / World / Japan Suffers Its Most Significant Economic Slump on Record
Japan Economy

Japan Suffers Its Most Significant Economic Slump on Record

TOKYO, Japan – Japan’s economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic.
The world’s third-largest economy saw its gross domestic product fall 7.8% in April-June from the previous quarter or 27.8% on an annualized basis.
Japan was already struggling with weak economic growth before the crisis.
The figures released on Monday are a stark reminder of the severe financial impact facing countries around the world.
Japan entered recession earlier this year after two successive quarters of economic contraction.
Its latest data for the April-June quarter was the most significant drop since comparable figures became available in 1980 and were slightly higher than analysts’ expectations.
One of the main factors behind the crisis has been a sharp drop in domestic consumption, which accounts for more than half of the Japanese economy.
Exports have also fallen sharply as the pandemic hits global trade.
The latest data is the third consecutive quarter of decline for the Japanese economy, which is its worst performance since 1955.
The recession is putting additional pressure on a Japanese economy that was already grappling with the effects of a 10% sales tax hike last year, with Typhoon Hagibis.
(Sahar News Monitoring Desk)

Check Also

Iranian Drones Capture Close Footage of USS Nimitz

Iranian Drones Capture Close Footage of USS Nimitz

TEHRAN – Advanced crewless aerial vehicles operated by Iran’s Islamic Revolutionary Guard Corps (IRGC) managed …

Leave a Reply

Your email address will not be published. Required fields are marked *

8182399730 Romantix adult store Backpage st. Joseph
Russian escort houston Capital massage sterling va Rubmaps oakland
Bunnyestrada instagram Minneapolis massage parlours Transgender dates in orlando backpage Liverub manhattan
Backpage of charlotte nc Escort radar detector parts
Sexy women blowjob Backpage akron canton ohio Las vegas backpage classifieds
Cougar escorts los angeles Cairns escorts
2439 bay area blvd Transexuales de dallas Massage sex tumblr
???? Sensual massage outcall Winnipeg strip clubs Sex toy stores in san antonio
Columbia.backpage.com Flying j truck stop albuquerque nm Massage parlor dallas tx Sweetshelly269
Palm springs adultlook escorts Strip club ventura ca
Diamond greek goddess escort Sioux falls adult store Ruby backpage
Cityxguidetexarkanatexas Escort max ii platinum radar detector
Tantric massage in chicago Escort in the bay area
Asian escort montreal Dallas asian massage parlor Adult theaters fun .com
Massage backpage com Xdreams2 Escort girl montreal
Sex massage movies Backpage miami fl My red book fresno
Albquerque escorts Black pashion bbw Escort nanjing
Carrollton tx escorts Ts escort long beach
Gay male massage portland 4079172715 Backpage daly city
Escorts in dallas texas Escorts in sofld mass. South maui fish company Shemales in st louis
Kokomo in escorts Prince of peace muskegon mi
Strip clubs in kennesaw Sexy gentleman Leilanili
Strip clubs tucson az New orleans transexuals Shemails com Escort srx
4049903007 Lets see some pussy List crawler escorts
Castle sex toy Backpages philly Busan backpage College girls massage turns into girl girl sex anal,licking,fingering
Olitaescort.com Hello rocklin massage 253 broadway chula vista ca 91910
Premier spa carol stream Mature massage los angeles
Masajes para adultos en dallas tx Escorts in southgate Flamingo massage Hilton kc
Escort estonia Female escort portland maine
Spartanburg sc backpage Adult massage montreal Shemales london Relaxing sensual massage