TOKYO, May 18 ― Japan's economy shrank 0.2 per cent in the first quarter of 2022, official data showed today, hit by Covid-19 restrictions forced by an Omicron surge and the effect of higher prices. The quarter-on-quarter figure for the January-March period was slightly better than the market.
While Covid shock maintains its number one position among risk factors in leading Asian economies, in India inflation risk has replaced it for the first time since the March 2020 poll, according to a latest survey.