From January to March, GDP growth in major countries and regions has fallen below the previous three months, putting a brake on recovery.
The invasion of Ukraine by Russia spurred price increases, and the spread of the new coronavirus infection again had an impact.
America
The growth rate of GDP in the United States from January to March was minus 1.4% in terms of annual rate.
The growth rate will be negative for the first time in 7 quarters = 1 year and 9 months since the second quarter.
In addition to the reactionary increase of 6.9% in the previous period, the spread of Omicron strains and the invasion of Ukraine by Russia spurred inflation, which weighed on economic activity.
Eurozone
In addition, the growth rate of GDP from January to March in 19 euro area countries such as Germany and France increased by 0.8% annually.
This is the fourth consecutive quarter of positive growth, but the growth rate has shrunk by 0.4 points compared to the previous quarter.
Soaring energy prices and other factors seem to have curbed personal consumption, and the pace of recovery is slowing.
China
China's GDP growth from January to March increased by 5.3% annually, down 0.8 points from the previous quarter.
Although there was some leverage from the government's economic measures such as infrastructure investment, strict restrictions on going out were imposed in various places as an infection control measure after March, which affected the production activities and personal consumption of companies.
In China, restrictions on going out have continued in large cities such as Shanghai since April, and uncertainty is becoming even stronger.