Economy
World / Countries / MNCs Japan's record GDP contraction revised down to annualized 28.1 pct in April-June quarter
Just Earth News | @justearthnews | 07 Sep 2020, 10:51 pm Print
Pixabay
Tokyo/Xinhua: Japan's economy in the April-June period shrank an annualized real 28.1 percent from the previous quarter, downwardly revised from the 27.8 percent contraction initially reported, the government said in a report on Tuesday.
According to the Cabinet Office, the decline in real gross domestic product equates to a 7.9 percent decrease on a seasonally adjusted quarterly basis.
The original preliminary data showing the world's third-largest economy had shrunk 27.8 percent last month marked the sharpest contraction since record keeping began, with the recession expanding to a third straight quarter, the office said.
More Economy
- Coding at risk? Anthropic CEO Dario Amodei says human-centric roles may last longer
- Amazon’s mega office in Bengaluru is here. See all details
- Why is Nissan recalling 640000 vehicles? Check all details
- Microsoft appoints Asha Sharma as Gaming CEO. Who is she?
- Is your screen job about to vanish? Top AI expert warns that the shift has already begun

