Japan's economic decline in the second quarter of this year was greater than originally estimated, the latest data showed.
The Japanese government announced that due to the coronavirus pandemic, according to seasonally adjusted data, the gross domestic product (GDP) fell by 28,1 percent in real terms in the quarter from April to June on an annual basis, which is worse than last month's preliminary estimate of a drop of 27,8 percent, reports Tanjug.
Compared to the first quarter of this year, the Japanese economy fell 7,9 percent in the second quarter, not 7,8 percent as originally estimated.
The previous largest economic decline, of 17,8 percent, was recorded in the first quarter of 2009 during the global financial crisis, so this latest represents the worst decline since World War II.
Japan already entered recession in the first quarter of this year, when the economy sank 2,3 percent on an annual basis, after a seven percent decline in the last quarter of last year.
Bonus video:
