World's economic winners and losers reflected in COVID policy

Japan trails major economies as it struggles to contain infections

20210518N US waitress outdoor dining (AP)

A waitress carries food to diners seated outside in Chapel Hill, in the U.S. state of North Carolina, on April 16. © AP

YOHEI MATSUO, TAKASHI TSUJI and KENTARO SHIOZAKI, Nikkei staff writers

TOKYO -- First-quarter data from major economies has underscored how the response to the coronavirus pandemic can make the difference between fiscal growth and malaise.

The U.S. economy has expanded for three straight quarters through March while China logged four consecutive quarters of growth. China contained its coronavirus epidemic earlier than other major countries, and the U.S. has reaped dividends from its stimulus payments and vaccine rollout.

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