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Japan’s Q2 GDP shrinks 27.8%

by ChemOrbis Editorial Team -
  • 17/08/2020 (05:36)
The Japanese economy shrank 27.8% on-year in the second quarter which marked the third straight quarter of contraction, data from the country’s Cabinet Office showed.

The world’s third biggest economy after the US and China has been hit by the impact of the COVID-10 pandemic with the lockdown at home shrinking domestic demand and lockdowns in the rest of the world sharply reducing export demand.
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