Jan-Mar GDP annual rate -3.4% Negative corona impact for the second consecutive period May 18 8:54
As announced by the Cabinet Office, GDP = Gross domestic product from January to March, the real growth rate excluding price fluctuations is minus 0.9% compared to the previous three months, converted into an annual rate. It became minus 3.4%.
This is because “personal consumption” such as eating out and traveling decreased due to the effect of refraining from going out due to the spread of the new coronavirus infection, and “export” dropped sharply due to stagnant economic activity worldwide. GDP becomes negative for the second consecutive term.