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Bailout

: Calculated Risk

Japan?s GDP Declines at 15.2% Annual Rate

By Anonymous

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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 ...


Full post as published by Calculated Risk on May 20, 2009 (boomark / email).

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