Sunday, March 4, 2012

China and Asia in Recession

Nouriel Roubini : ....Elsewhere in Asia, Singapore's economy shrank for the second time in three quarters at the end of 2011. India's government predicts 6.9 per cent annual GDP growth in 2012, which would be the lowest rate since 2009. Taiwan's economy fell into a technical recession in the fourth quarter of 2011. South Korea's economy grew at a mere 0.4 per cent in the same period - the slowest pace in two years - while Japan's GDP contracted at a larger-than-expected 2.3 per cent, as the yen's strength weighed down exports. - in Project Syndicate
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