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NewsBursa Malaysia: Japan is officially in a new recession after first quarter 2011 GDP came in at an annualized rate of -3.7%
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Bursa Malaysia: Japan is officially in a new recession after first quarter 2011 GDP came in at an annualized rate of -3.7%
by hlk Sat 21 May 2011, 12:42
Japan is officially in a new recession after first quarter 2011 GDP came in at an annualized rate of -3.7%. Not only did the GDP
figure substantially miss the -2.0% level expected by economists, but it
followed a 3.0% GDP drop in the fourth quarter of 2010 (a recession is defined
as two consecutive quarters of negative GDP growth).
Furthermore, it marked the largest quarterly decline since a record 18.3%
contraction in the first quarter of 2009. The severity of Japan's decline in
GDP illustrates the damaging effects of the March earthquakes and tsunami that
caused the worst global nuclear crisis since Chernobyl in 1986.
This new may likely to effect Asia share
market today.
figure substantially miss the -2.0% level expected by economists, but it
followed a 3.0% GDP drop in the fourth quarter of 2010 (a recession is defined
as two consecutive quarters of negative GDP growth).
Furthermore, it marked the largest quarterly decline since a record 18.3%
contraction in the first quarter of 2009. The severity of Japan's decline in
GDP illustrates the damaging effects of the March earthquakes and tsunami that
caused the worst global nuclear crisis since Chernobyl in 1986.
This new may likely to effect Asia share
market today.
hlk- Moderator
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Join date : 2009-11-14
Location : Malaysia
Similar topics» MIDCAP-"Dogs of the index" beat FTSE Bursa Malaysia in 2011
» Japan likely to go into recession
» Malaysia Nov inflation rate up 3.3pc
» Japan dodges recession with revised Q3 GDP expansion
» A normalised quarter for Pos Malaysia
» Japan likely to go into recession
» Malaysia Nov inflation rate up 3.3pc
» Japan dodges recession with revised Q3 GDP expansion
» A normalised quarter for Pos Malaysia
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