Economic Trends Research, July 2020
Severe economic situation continued, although there were signs of some recovery
— Economic stagnation due to re-spread of COVID-19 infection is the biggest downside risk —
Overview of July 2020: Recession phase
The domestic economy showed signs of recovery in July, although at a low level, through the contribution from resumption of economic activities. The domestic economy showed some signs of recovery, but it continued to be at a severe level.
Future outlook: Ceasing to fall
While re-stagnation of economic activities is going to be the biggest risk factor for the future economy, it seems that the economy continues to be at a low level.
Primary points of survey results(summary)
- 1 By industry : Business confidence was positive in nine industries, but is still at a low level.
- 2 By size : Severe business confidence continues, although a recovery continues for the second consecutive month in all sizes.
- 3 By region : Signs of recovery were seen in all ten regions, but some regions were affected by intense rainfall.
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