While the Japanese economy has been slow to recover due to the effects of infection, the GDP of major countries has already recovered to pre-corona levels.
America
In the United States, the level of GDP exceeded that before the spread of the infection from April to June last year due to the spread of vaccines and the effects of large-scale economic measures.
After that, although the pace of recovery slowed once due to the disruption of the supply chain = supply network, positive growth was maintained, and the growth rate of GDP from October to December last year was + 6.9% on an annualized basis.
Last year's GDP growth rate also increased by 5.7%, turning from negative to positive in the previous year.
Eurozone
The growth rate of GDP = gross regional product in 19 euro-region countries from October to December last year, such as Germany and France, is positive in real annualized terms, excluding price fluctuations, compared to the previous three months. It was 1.2%.
Since November of last year, personal consumption has fallen due to the spread of infection with the Omicron strain, and the growth rate has slowed, but it has been positive for the third consecutive quarter and has recovered to the level before the spread of the new corona.
As a result, the growth rate of GDP for the last year was + 5.2%, the first positive in two years.
China
On the other hand, China has continued to grow positively for the seventh consecutive quarter, after the GDP growth rate dropped sharply from January to March.
According to the Cabinet Office, the growth rate of GDP from October to December last year was + 6.6% in real annual terms compared to the previous period.
Currently, the growth rate of GDP for the last year is + 8.1%, which is higher than the previous year, although the prices of raw materials such as crude oil remain high and the decrease in investment in real estate development is a factor that slows the economy. It has grown.