shrank

Pedestrians wearing protective masks, following the coronavirus disease (COVID-19) outbreak, make their way during commuting hour at a business district in Tokyo, Japan, January 7, 2021. REUTERS/Kim Kyung-Hoon GLOBAL BUSINESS WEEK AHEAD
Global Economy

Japan’s economy slumps back into decline as Covid-19 hits spending

The economy shrank an annualised 5.1% in the first quarter, more than the forecast 4.6% contraction and following an 11.6% jump in the previous quarter, government data showed on Tuesday

Photo: Reuters
Trade

Bangladesh’s export shrank in 2019: WTO

FILE PHOTO: Workers clean the pavement in Canary Wharf, following the outbreak of the coronavirus disease (Covid-19), London, Britain, May 27, 2020. REUTERS/Dylan Martinez
Global Economy

UK economy takes 25% hit from Covid, recovery seen slow