Japan Takes the Next Hit: GDP Down 12%

by Benjamin Domenech on 7:22 am February 16, 2009

Japan’s economy contracts 3.3% in last quarter, the worst performance in 35 years (OPEC oil crisis of 1974), three times as bad as the US in the same quarter. SecState Hillary lands there today. The ripple effect for the global economic downturn rolls onward.

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