Japan's economy shrinks by 7.8% in April-June, worst GDP recorded
Image Credit: Shortpedia
Japan's GDP has been hit heavily due to the coronavirus pandemic. The country's economy shrank by 7.8% in April to June quarter. The country recorded its worst contraction in modern history amid the economic risk posed by the coronavirus pandemic. Japan has recorded negative growth in three consecutive quarters. Yoshiki Shinke, chief economist at Daiichi Life Research Institute has said the recession may deepen due to Covid19.