As the effects of the new coronavirus continue to prolong, the government has lowered its overall economic judgment for the first time in four months, saying that "although it continues to pick up, the tempo has slowed recently."
The main reason for this is that the so-called “needing demand” has run its course and weak movements toward personal consumption are spreading.
The government held a ministerial meeting on the 16th to compile this month's monthly economic report.
According to the report, the economy as a whole was lowered for the first time in four months, saying that "although the economy is still in a difficult situation, it is continuing to pick up, but the tempo has been slowing down recently."
Demand for service industries such as eating and drinking and accommodation continues to be sluggish due to the impact of the state of emergency, and so-called "needing demand" for personal computers has run its course, and GDP = "personal consumption", which accounts for more than half of the gross domestic product. The main factor is the spread of weak movements.
We also took into account that some of the company's production activities are weakened due to the spread of infection in Southeast Asia, which is an important production base for automobile manufacturers, and the difficulty in procuring parts.
Regarding the outlook, the government has stated that "the economy is expected to pick up" due to the promotion of vaccination, etc. We need to do it, "he said.