Tag Archives: US Recession

Japan Economy Officially In Recession

Japan , the world’s second-largest economy is in a recession officially.

Japans gross domestic product has fallen by 0.4 percent this year, pushing Japan into its first recession since 2001.

Japan joined Germany and Italy on the list of major economies that are now officially in recession.

The last time Japan fell into recession was in 2001 after the Internet bubble burst.

US Sliding Into Recession with Major Global Slowdown, IMF Predicts

The United States is heading towards recession with major global slowdown amid financial crisis International Monetary Fund (IMF ) in its latest World Economic Outlook (WEO) predicts.

  • World growth will slow amid most dangerous financial shock since 1930s
  • No growth in many advanced economies until at least mid-2009
  • Global economy expected to stage modest recovery later in 2009