Catch up on the Corona Capital column from Breakingviews, featuring Japanese GDP, Just Eat, Gig workers and Gymshark
Signage for Just Eat is seen next to Uber Eats and Deliveroo advertisements on the window of a restaurant in London, Britain, August 5, 2019.DESPERATELY SEEKING BOTTOM. Japan has posted a third consecutive quarter of contraction, with economic output declining 7.8% in the three months through June compared with the previous quarter. With real gross domestic product standing around $4.6 trillion, Covid-19 and the Sino-U.S.
AHEAD OF THE MUTATION. Using gig workers allows Uber Technologies and Deliveroo to keep a lid on costs. But Just Eat Takeaway.com is planning to move in the opposite direction. Jitse Groen, boss of the $16 billion food delivery company, told the BBCthat he would end gig working at his company across Europe. He will incur some costs in the short term. But they will be less than might be expected.
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