Japan's recession, now four quarters old, knocks the spots off those in other major developed economies. So Germany expects to shrink 6 per cent this year? Pshaw. Japan managed that in just five months. The world's second biggest economy contracted 4 per cent quarter on quarter in the first three months of 2009, according to data released on Wednesday. That follows a 3.8 per cent decline in the previous quarter.
日本陷入經濟衰退已經有4個季度了,其嚴重程度超過了其他主要發達經濟體。德國預計今年經濟將萎縮6%?那有什麼?日本只用5個月就做到了。週三公佈的數據顯示,繼去年第四季度萎縮3.8%之後,今年第一季度,這個世界第二大經濟體又萎縮了4%。
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