Worst US GDP on record has sizeable impact on Japan and global economy: Yomiuri Shimbun

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In its editorial, the paper says that a delay in the recovery of the US market may have a negative impact on employment in Japan's extensive auto industry.. Read more at straitstimes.com.

TOKYO - US economic growth has marked a historic plunge due to the spread of infections with the novel coronavirus.

The United States is the world's largest economic power. The damage to the global economy from its worsened economy is tremendous. The impact of the downturn will have to be monitored closely. The V-shaped recovery envisioned by the administration of US President Donald Trump will be difficult to achieve.

This is because many of them work in restaurants and retail stores that have shut down their businesses. The unemployment rate has remained high, at more than 10 per cent.

 

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