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JAPAN’S CABINET OFFICE FORECASTS THE COUNTRY’S ECONOMY TO CONTRACT BY 4.5%

Published On 30 Jul 2020 12:29 PM


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Highlights –

  • Japan’s cabinet office forecasts the country’s economy to contract by 4.5%.
  • GDP for the year through next year was revised downward.
  • The country’s economy is said to have been impacted due to the COVID-19 pandemic.
  • The government predicted growth in the economy by 3.4% for fiscal 2021.

The Japanese Cabinet office announced....


Tags : JAPAN, ECONOMY, GROSS DOMESTIC PRODUCT, COVID-19, PANDEMIC,
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