JAPAN EDGES TOWARDS RECESSION AS ITS EXPORTS TAKE A BEATING

HIGHLIGHTS:

• Japan loses out on major exports from its leading trading partners
• Even before the pandemic, Japan was struggling to find its stability as an economy
• The pandemic acted as a catalyst which accelerated the progress towards recession a

Japan diving headfirst towards recession, Germans witness a slump.

The Japanese economy is heading towards a recession as the third-largest economy, saw a drop of 6.3 percent in the last quarter of 2019, while as Germany the world’s fourth-largest economy is expected to stumble as a result of weak consumer demand and cut in trades with china. The final qua...