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Japan’s economy slipped into its first recession in 4-1/2 years

Japan’s economy slipped into its first recession in 4-1/2 years

Japan’s economy, the third-largest in the world, slipped into its first recession in 4-1/2 years as the COVID-19 crisis ravages businesses and consumers. Preliminary official GDP data reveals that in the first quarter, it contracted an annualized 3.4%, which is lower than a median market forecast for a 4.6% drop.

Ben Song
Ben Song
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