The GDP (gross domestic product) growth rates for the United States and China from April to June, which have already been announced, are negative, and there are concerns that the world economy will slow down further due to the effects of accelerating inflation. is intensifying.

Concern about US recession

The GDP of the United States from April to June, which was announced on the 28th of last month, was negative for the second consecutive quarter, with the real growth rate converted to an annual rate of minus 0.9%.

The main factor is that the Federal Reserve Board, which is the central bank of the United States, has advanced interest rate hikes at a rapid pace in order to suppress record inflation.

Over the past three months, housing investment in the United States has fallen sharply, and growth in consumer spending, which had hitherto been strong, has slowed down.

China's zero-corona policy slows down growth significantly

In addition, China's GDP during the same period was down 10.0% annually compared to the previous three months, according to a Cabinet Office estimate.

Under the zero-corona policy, severe restrictions on going out were imposed in Shanghai, the largest economic city, and supply chains were disrupted. has cooled down.

Due to the spread of the infection, economic growth has slowed significantly to the lowest level since January to March, the year before the lockdown in Wuhan.

Zero corona backfires China's economy brakes abruptly, cracks

Eurozone April-June is positive, but there is also a view that the economic slowdown is inevitable

On the other hand, the GDP of 19 eurozone countries, including Germany and France, announced on the 29th of last month from April to June showed an annual growth rate of 2.8% in real terms.

This is the fifth consecutive period of positive growth due to the recovery of travel and leisure activities due to the easing of movement restrictions to prevent infectious diseases.

However, in Germany, the largest economy in the region, the growth rate has fallen to 0%, partly due to the impact of soaring energy prices.

Even in the Eurozone, record inflation has not come to a halt, and some are of the view that a slowdown in the European economy is inevitable.

Amid growing concerns about the global economic slowdown, many are cautious about the outlook for the Japanese economy.