Japan The economy shrank more than last quarter
initially estimated. The decrease in gross domestic product (GDP) was
projected to 7.1 percent over the year, as revised data from the
government showed that were released on Monday. A first one
Estimates had a minus of 6.3 for the final quarter of 2019
Percent.
Experts had expected a decline of 6.6 percent. Reason is in front
all an increase in VAT. This is how strong the GDP is
Germany third largest economy in the world since April quarter
not decreased until June 2014. Even then had an increase
VAT on economic output.
The new data should be the fear before one recession reinforce. There Japan
Earlier this year from the outbreak of the novel corona virus in China,
one of its main trading partners, is frightened, some fear
Analysts that Japan in a recession slips.
The government wants to present a package of measures on Tuesday for which
interest free loans for companies that should be owned by the
Coronavirus epidemic are affected.
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