The new coronavirus is affecting the economies of each country, but in Europe, the United States and China, where GDP is announced from April to June, the growth rate is high due to the progress of vaccination. I am.
Double-digit growth in US consumer spending
Of these, the real growth rate of GDP from April to June in the United States, excluding the effects of prices, was 6.5% on an annualized basis, and the scale of GDP exceeded that of October to December before the spread of infection. rice field.
Due to the spread of vaccination and the effects of economic measures, personal consumption, which accounts for about 70% of GDP, recorded double-digit growth.
Eurozone consumer spending and corporate production are on a recovery trend
GDP of 19 euro area countries such as Germany and France from April to June also increased by 8.3% on an annualized basis.
Prior to this, Eurozone GDP was negative for the second consecutive quarter, but with advances in infection control and vaccination in the region, personal consumption and corporate production are on a recovery trend.
Last month, the EU released an economic outlook that Eurozone GDP will return to pre-infection levels by the end of this year.
In addition, the UK's GDP from April to June increased by a high 20.7% on an annualized basis.
China maintains improvement trend
In addition, the Chinese economy has been on an improving trend.
According to the Cabinet Office, China's GDP growth rate from January to March last year fell sharply to minus 30.5% on an annualized basis.
However, the GDP from April to June last year, which is the next three months, turned around and increased by 46.4% on an annualized basis.
The Chinese economy was one of the first to break out of the corona wreck, and for the three months leading up to June, GDP growth was + 5.3% on an annualized basis.
The Japanese government expects a recovery during this time ...
The government anticipates that Japan's GDP = gross domestic product will return to pre-corona levels.
This is because we expect that the pace of recovery in service consumption such as eating out and travel will accelerate as vaccination spreads further in the future.
The Cabinet Office estimated that the growth rate of GDP this year will be about + 3.7%, according to an estimate released last month.
Due to weak personal consumption and other factors, we have revised downward by 0.3 points from the January forecast, but this is the highest growth rate since 1995, which is comparable.
However, in recent years, the spread of infection is progressing at an unprecedented speed due to the influence of the highly infectious "Delta strain", and it is difficult to predict whether the Japanese economy will recover as expected by the government. I am.