April-June GDP announced today: the biggest drop in history? 4:17 on August 17th
The growth rate of GDP (Gross Domestic Product) from April to June will be announced on the 17th, when the new coronavirus has hit the economy.
Many private research companies predict that the annual decline will be in the 20% range, and that it will be the largest decline beyond the Lehman shock.
The Cabinet Office will announce preliminary figures for GDP this April from April to June before 9:00 am.
Many private research firms are forecasting that the real growth rate compared to the previous three months will be a significant negative of 20% in terms of annualized rate.
If this prediction is followed, it will exceed the minus 17.8% recorded from January to March 2009 after the Lehman Shock, the largest drop since 1980 when comparisons were possible.
Regarding the factors, each research company cites a large drop in personal consumption, mainly for eating out and traveling, and a decrease in automobile exports, under the government's declaration of an emergency and the request for leave from the local government.
This year, the growth rate of GDP from April to June has fallen historicly around the world, with the United States decreasing by 32.9% annually, and the impact of the new coronavirus on the economy is clear. It has become.