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Japanese economy declines sharply, may be in recession

Japanese economy declines sharply, may be in recession

Japan’s gross domestic product (GDP) fell by a much steeper than expected 6.3% in the 4th quarter of 2019 and may be in a recession. Consumer spending fell 2.9% after the country’s sales tax was raised in October from 8% to 10% while capital spending declined 3.7%. Coronavirus will impede growth in early 2020 and so the world’s third largest economy may be entering a recession.

Skeptic
Skeptic
Fawksie
Fawksie 5 months

taxation is theft. fuck you big government.

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