(EnergyAsia, June 16 2011, Thursday) — Despite an expected second-half recovery, the Japanese economy will shrink by 0.7% this year as a result of the devastating earthquake-tsunami-nuclear tragedy of March 11, said the International Monetary Fund (IMF). The recovery will be sharper next year as reconstruction lifts the economy by 2.9%, still some way off…
JAPAN: IMF says economy to fall 0.7% this year despite expectations of second-half recovery
Posted on June 16, 2011 by EnergyAsia