Real gross domestic product (GDP) in the October-December period of 2011 decreased 0.6 percent from the previous quarter, or an annualized 2.3 percent - the first dip in two quarters. This shows that the Japanese economy, which had been on a path of slow recovery after having been hit by the March 11 disasters and the Fukushima nuclear crisis, is now at a standstill.
The 2011 annual GDP in real terms dropped 0.9 percent - the first negative growth in two years - mainly because exports were stagnant due to the severe damage to supply chains caused by the March 11 disasters and floods in Thailand. (Japan Times)
↧