Japan, the country which behaved as if the pandemic is over and post which it was everywhere has been slammed by the pandemic hard. After the UK fell into a deep recession, Japan’s economy too has been shrinking at a record breaking rate affecting all aspects from life of a common man to international trade.
Recession has kicked in, in one of the biggest economies. United Kingdoms’ recession is the worst, as the output shark by 20.4% in the second quarter of 2020, the worst on record pushing the country deep into damage.
As The United States tops the number of Coronavirus cases, it has brought a turmoil in the country with respect to the health care, employment rates and the overall economic aspect as steering the country has been a hard drive for the past few months. Last week, as the economic reports showed an unemployment rate of 10.2% and after the Bureau of Labor Statistics reported the U.S. economy added 1.8 million jobs last month