Negosyante News

November 22, 2024 8:47 pm

Japan’s Economy Falls 7.9% in the Second Quarter of 2020

IMG SOURCE: CGTN

Japan’s economy shrank 7.9% in the second quarter of this year from the previous quarter.

This is the worst figure in Japan’s history since the comparative data became available in 1980.

Japan was already under recession before the coronavirus outbreak because of a powerful typhoon in 2019 and a sales tax hike in October.

Japan is reported to have 71,800 infections and 1,400 deaths because of coronavirus.

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