Japan's economy shrank more than estimated in Q2

economy shrank 7.9 percent in the second quarter of this

year from the previous quarter
Made by: Rygzenova Anzhila Group: 02601
The source: https://economictimes.indiatimes.com/news/international/business/japans-economy-shrank-more-than-estimated-in-q2/articleshow/77989429.cms

the preliminary data released last month, as the coronavirus deepens

the country's economic woes.
Japan's economy was in recession even before the coronavirus hit due to damage from a powerful typhoon last year, and a sale tax hike in October
Though, the country has seen a smaller coronavirus outbreak compared to some of the worst-hit places, with about 71,800 infections and fewer than 1,400 deaths.

six months. That means there are fewer jobs, people are

making less and spending less money and businesses stop growing and may even close.
Sale tax hike is an increase of taxes over products that were sold