RSS Feed by Calculated Risk on 5/19/2009 11:11:00 PM
Tuesday, May 19, 2009
Japan’s GDP Declines at 15.2% Annual Rate
From Bloomberg: Japan’s Economy Shrank Record 15.2% Last Quarter (ht creditcriminalslovetarp, Angry Saver, and others)
Japan’s economy shrank at a record 15.2 percent annual pace last quarter as exports collapsed and consumers and businesses cut spending.
The contraction followed a revised fourth-quarter drop of 14.4 percent ...
Exports plunged an unprecedented 26 percent last quarter ...
