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Japan's GDP declines for first time in five years"Report" studio AIC Analytics Art Business Cultural policy Diaspora Domestic policy Ecology Education and science Energy European Games Exhibitions Finance Football Foreign policy Health ICT Incident Individual sports Industry Infrastructure Interesting Karabakh Literature Media Military Milli Majlis Multimedia Nagorno-Karabakh conflict Other countries Region Religion Show business Social security Team sports Tourism World Cup 2022
Egils Levits: ‘Relations between Latvia and Azerbaijan have developed very successfully’"Report" studio AIC Analytics Art Business Cultural policy Diaspora Domestic policy Ecology Education and science Energy European Games Exhibitions Finance Football Foreign policy Health ICT Incident Individual sports Industry Infrastructure Interesting Karabakh Literature Media Military Milli Majlis Multimedia Nagorno-Karabakh conflict Other countries Region Religion Show business Social security Team sports Tourism World Cup 2022
European automakers massively withdraw small cars from production"Report" studio AIC Analytics Art Business Cultural policy Diaspora Domestic policy Ecology Education and science Energy European Games Exhibitions Finance Football Foreign policy Health ICT Incident Individual sports Industry Infrastructure Interesting Karabakh Literature Media Military Milli Majlis Multimedia Nagorno-Karabakh conflict Other countries Region Religion Show business Social security Team sports Tourism World Cup 2022
Latvian President visits Alley of Martyrs"Report" studio AIC Analytics Art Business Cultural policy Diaspora Domestic policy Ecology Education and science Energy European Games Exhibitions Finance Football Foreign policy Health ICT Incident Individual sports Industry Infrastructure Interesting Karabakh Literature Media Military Milli Majlis Multimedia Nagorno-Karabakh conflict Other countries Region Religion Show business Social security Team sports Tourism World Cup 2022
Latvian President pays respect to National Leader Heydar AliyevJapan's GDP for the fiscal year 2019 (April 1, 2019 – March 31, 2020) has declined for the first time in five years, Report says, citing Kyodo news agency.
According to the government's updated data, the decrease was 0.3%. The forecasts believe the figure should have been at the level of 0.0%. The main reason for the decline in GDP was the increase in consumer taxes from 8% to 10% in October 2019.
Simultaneously, in the third quarter of 2020, the country's GDP, under the latest estimates, grew by 5.3% compared to the previous quarter.
Personal consumption, which accounts for 60% of Japan's GDP, rose 5.1%.
During the reporting period, public investment increased by 0.5% in quarterly terms, while private sector investment declined by 2.4%. Exports rose by 7% in quarterly terms, while imports lowered by 8.8%.
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