Worlds giant country on verge of an economic crisis – A record drop

13:00 - 8.09.2020

September 8, Fineko/abc.az. Against the background of the pandemic and economic turmoil in the world, the Japanese economy registered a record decline in its economy.

ABC.AZ reports that GDP in the country of the rising sun decreased by 28.1% in the 2nd quarter of 2020 since June.

As a reason, experts point to a decline in private consumption. It is believed that the private sector in Japan will continue to decline.

By Elmir Murad