--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | The 20 richest football clubs in the world » | Trade Ideas for Friday - AAPL and FCX » | IMF revised its estimatives again for the world ec... » | Stock Picks and Trade Ideas for Thursday - STEM, B... » | Stock Picks and Trade Ideas for Wednesday - ENER, ... » | Kindle 2 is coming and it can bring a new tone for... » | Trade Ideas for Tuesday - ESLR and BIG » | Dubai moving towards the future » | Stocks to watch next week - JDSU, BRCM, VRTX » | The 20 biggest football player salaries » 

Monday, February 16, 2009 

Japan economy battered by the economic slowdown

The Japanese economy registered a contraction of 12.7% in the last quarter of the year, compared with the same period, the largest drop since the oil crisis of 1974, with companies exporting country to be heavily penalized by the global crisis. The Gross Domestic Product fell for the third consecutive quarter in the three months ended December 31. This fall in GDP was worse than expected by economists, indicating a contraction of 11.6%. Exports sank 13.9%, compared to third quarter, with demand for products such as cars or televisions in free fall due to global economic slowdown. This contraction occurs when the G7 reiterated that the economic slowdown will remain throughout 2009. Some major Japanese companies such as Toyota, Sony and Hitachi, are firing hundreds of workers to reduce costs as they face the fall in revenue. In the third quarter, GDP fell 3.3%, said the same report. The American economy shrink by 1% over the same period, while the euro countries saw GDP fall 1.5%, the fastest pace in at least 13 years. The countries of the G7, who were meeting this weekend in Rome, pointed to an economic slowdown "severe" over 2009. A deep recession is spreading everywhere.

AC

Bookmark and Share

Contact

About Me

    Photobucket
  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Iceman Trading Academy Moderator

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google