The biggest decline in Japanese GDP in the second quarter of World War II was mainly affected by the COVID-19 epidemic. According to a comprehensive report, the initial value of gross domestic product (GDP) in the second quarter of 2020 released by Cabinet Office of Japan 17 shows that the real GDP of Japan in the second quarter of this year decreased by 7.8% compared with the previous quarter, and the annualized rate decreased by 27.8%, the biggest decline since World War II.

It is said that in order to reduce the impact of the epidemic on the economy, Japan has implemented large-scale fiscal and monetary stimulus measures. After lifting the state of emergency at the end of May, Japan's economy has reopened, but the rebound of the epidemic has cast a shadow over the prospects of corporate and household spending.

Extended data

China's GDP growth in the second quarter was 2.5% higher than expected;

According to the latest data from the National Bureau of Statistics, in the second quarter of this year, China's GDP growth once again entered the "positive" track. Data show that in the second quarter, China's GDP increased by 3.2% year-on-year, higher than the expected 2.5%, making it the first country in the world to achieve positive GDP growth after the epidemic.

As the country that has contributed the most to the world economy for 13 years in a row, it is obviously a good omen for China to take the lead in restoring growth. In this regard, CNN immediately said that China's economy is growing again, which is good news for other countries in the world.

Yang guang. Com- Japan's GDP fell by 27.8% in the second quarter of 2020, the biggest decline since World War II.