China News Service, February 15th. According to a report by the Japan Broadcasting Association (NHK), on the 15th, the Cabinet Office of Japan released statistics showing that Japan’s GDP in 2020 has shrunk by 4.8% compared with 2019, the first time in 11 years. Negative growth.
Data map: Japan under the epidemic.
According to reports, data for the fourth quarter of 2020 (October-December) released by the Cabinet Office shows that, excluding price factors, real GDP has increased by 3 percentage points from the third quarter of 2020 (July to September).
Among them, personal consumption and exports account for a relatively large proportion.
However, judging from the data for the whole year, Japan's GDP in 2020 has fallen by 4.8% compared with 2019, which is the first time that Japan has shown negative growth in 11 years since 2009 (-5.7% in that year) after the "Lehman Crisis" occurred.
Among them, personal consumption decreased by 5.9% over the previous year, or the largest drop since 1995; in addition, exports and equipment investment also shrank sharply.
According to the report analysis, this result shows that the new crown epidemic has caused a huge blow to the Japanese economy.