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© (c) Copyright Thomson Reuters 2020. Click For Restrictions - https://agency.reuters.com/en/copyright.htmlJapan's policymakers brace for 4th-quarter GDP slump, growing coronavirus risks
By Leika Kihara TOKYO©2024 GPlusMedia Inc.
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TARA TAN KITAOKA
Excuses, excuses and excuses.
oyatoi
If a virus which was hardly on the radar and had negligible effect until January, can cause a 3.7% shrinkage in annualized GDP for the Oct-Dec quarter, how much worse will the Jan-March figure be, coinciding as it does with the full effects of the virus on the tourism dependent economy. It’s going to be at least 3x, if not more. Hang on to your hats people, we’re in for a ride.