Japan join Europe in recession
November 17, 2008 · Filed Under Economic News · Comment
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Japan announced today they had entered recession after seeing a contraction in the economy for the second quarter in a row.
Japan’s gross domestic product contracted by 0.1% between July and September as the second biggest economy slowed amid the global financial crisis.
Only last week Europe announced they had fallen into recession after the powerhouse German economy was announced in recession a day prior.