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Worries over the global economy have intensified today, after Japan’s GDP shank by 1.6% during the last three months of 2019, new government data overnight shows. That equates to an annualised contraction of 6.3%, against forecasts of 3.9%. That’s a very sharp decline, and much worse than economists had expected.

The coronavirus outbreak is a clear threat to Japan’s economy, given many Japanese manufacturers rely on Chinese companies in their supply chains. Scores of major firms have already closed their factories across China, which will quickly hurt production output. Japan’s economy was also hurt by super-typhoon Hagibis.

The Bank of Japan governor, Haruhiko Kuroda, has hinted that he could ease monetary policy if the coronavirus outbreak hurts the Japanese economy.

Guardian

It doesn't looks good at all and not only with Japanese economy.

Is coronavirus going to start the domino effect?

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4 hours ago, rollover said:

It doesn't looks good at all and not only with Japanese economy.

Is coronavirus going to start the domino effect?

They've had three decades to deleverage the private sector.

Maybe Covid-19 will finally get the job done?

Global-debt-Japan-private-v-public-debt.

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Japan would be one of the first hit by the flu because the supply chain is so short. The rest of the developed world will soon follow as the supply chain stops and the last container ships arrive.

I'm wondering whether my current project will be shut down as it's for a customer in China, though at least it's going to be installed in the West.

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9 minutes ago, stop_the_craziness said:

And they've got an Olympics to pay for.

Forgot about that....

Mobile World Congress in Barcelona has been cancelled this month due to COVID19, as alot of the big tech companies pulled out citing COVID19. 

The Chinese Formula 1 Grand Prix has been cancelled, and other tracks are bidding to host that race. 

Will countries be pulling out of the Olympics, as some will be sending their teams innthe next few months to acclimatise...

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So absurd. The US has been in recession since 2004.

Coronavirus is simply the excuse they will use for admitting that governments sucking the populace dry for the benefit of political elites (which is the primary feature, not a bug) has finally killed the economy.

Edited by Locke
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  • 415 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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