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In May, Japan fell into economic downturn for the very first time considering that 2015 as the world’s third greatest economy shrank at a yearly pace of 3.4%in the very first three months of 2020.
Last week authorities information showed that Singapore had actually fallen into recession as 2nd quarter GDP shrank 12.6%on a year-on-year basis.
However last week, China said it had actually avoided falling into economic crisis as its economy grew by 3.2%in the second quarter of the year after a record slump in the previous 3 months.
source https://jobsearchtips.net/coronavirus-south-korea-in-economic-crisis-as-exports-at-57-year-low/
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