Coronavirus Outbreak Could Pose a Risk to GDP Growth in Japan

Coronavirus outbreak concern . Japan GDP growth may pose. (Representative Image- Twitter)

Japan’s Q4 GDP Likely to Weaker than Q3

Coronavirus outbreak may hit Japan’s economy . According to the Economy Minster Yasutoshi Nishimura , Japan’s economic growth was expected to pick up but the novel coronavirus fears could pose a risk to growth.

He said “Japan’s GDP in October-December is likely to weaker than previous 3rd quarter due to the impact of the sales tax hike and a typhoon ” .

News of the first death from the virus in Japan rattled Asian markets, already on edge after hopes that the epidemic was stabilizing appeared to be dashed by a sharp rise in the number of cases on Thursday.

In its latest update, China’s National Health Commission said it had recorded 121 new deaths and 5,090 new coronavirus cases on the mainland on Feb. 13, taking the accumulated total infected to 63,851 people.

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Some 55,748 people are currently undergoing treatment, while 1,380 people have died of the flu-like virus that emerged in Hubei province’s capital, Wuhan, in December

News Source – Reuters

Tags : Coronavirus impact on Japan's GDPJapan Q4 GDP ReportYasutoshi Nishimura coronavirus

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