Japan Gdp Shrinks by Most in 35 Years ; Economics
Evening Standard - London › February 16, 2009
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Summary
JAPAN'S economy, battling its worst downturn since the oil crisis of 1974, shrank last quarter by the most in 35 years.
Gross domestic product fell 3.3%, or an annualised 12.7% in the fourth quarter of 2008 as the country's reliance on exports becomes its Achilles heel. The only bigger contraction was a 3.4% quarterly slump in 1974, after the first Middle East oil shock.See the full content of this document
Extract
Japan Gdp Shrinks by Most in 35 Years ; Economics
The crash in economic activi...
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