Tuesday, May 19, 2009

Japanese GDP Plummets

I simply don't know what to write about this. The casual nature with which the press is treating this topic is astounding. Japan trails only the USA in terms of GDP: this is a major economy going through a major restructuring.

Real GDP fell at an annualized rate of 15.2% after falling 14.4% in the fourth quarter of 2008. I will be back with comments once I wrap my head around this.

1 comment:

MK said...

Today's Wall Street Journal features the dismal GDP numbers for the industrialized world.