Tokyo, February 15, 2021, SPA -- Japan’s gross domestic product (GDP) decreased by 4.8% in 2020 compared to one year earlier, due to decreased internal demand amid the pandemic, Japanese government announced Monday, according to Russian News Agency (TASS). This is the deepest decrease of GDP since 2008, when it fell by 5.7% amid the global financial crisis. In 2020, personal consumption, which defines about 60% of the GDP, decreased by 6%, while exports decreased by 12.3% due to global recession of demand. Meanwhile, the situation began to improve by the end of the year: in October-December, Japanese GDP increased by 12.7%, the government disclosed. --SPA 11:44 LOCAL TIME 08:44 GMT 0006 www.spa.gov.sa/w1505415