Japan back in recession

elder · 19th May 2011, 02:22 AM

after 2 quarterly falls in succession. this fall was bigger than predicted even after the tsunami\earthquake.

rebuilding work will most likely pull them out of it in the short term i would think.

Flared Hicks · 19th May 2011, 03:19 AM

aye, i just saw that on BBC World News, pretty scary really with the world's 3rd biggest economy slipping back into recession, and the Yanks still really struggling.

They also said Singapore grew by something daft like 26%

DrewC · 19th May 2011, 03:26 AM

Quote:

Originally Posted by Flared Hicks

aye, i just saw that on BBC World News, pretty scary really with the world's 3rd biggest economy slipping back into recession, and the Yanks still really struggling.

They also said Singapore grew by something daft like 26%

Yes my mate lives in Toyko & his company sent him to Singapore for a while....I have feeling alot of Japanesse went to Singapore thus the growth rate short term....

elder · 19th May 2011, 04:35 AM

Quote:

Originally Posted by Flared Hicks

aye, i just saw that on BBC World News, pretty scary really with the world's 3rd biggest economy slipping back into recession, and the Yanks still really struggling.

They also said Singapore grew by something daft like 26%

22% which is staggering... they also hold immense ammounts of forreign currency, most of it in US dollars.

though they also are totally dependent on importing all their water and oil.

amazing for such a small city state.... and not a bad night out either.