• SHARE

As was widely feared, the serious impact of the COVID-19 pandemic on the economy has become increasingly clear. The gross domestic product in the January-March period contracted an annualized 3.4 percent from the previous quarter. One out of four listed companies reportedly sustained losses in the three-month period to March.

But we have yet to see the worst of the recession. The full-blown impact of the pandemic will come in the April-June period, when, according to a Nikkei interview of four prominent economists, the nation’s economy is forecast to shrink by 20.2 percent.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)