Japan released preliminary GDP numbers Monday for the third
quarter indicating the country has entered a recession.
Third quarter Seasonally Adjusted GDP was down 0.4 percent
quarter over quarter, while economists were expecting a 0.5 percent
gain.
Q2 GDP was revised lower from 1.9 percent to 1.8 percent.
A Reuters
report calculated the new data as showing GDP shrinking by
1.6 percent on an annualized basis for the July to September
period.
The report commented that the "recession comes nearly two years
after Abe returned to power promising to revive the economy with
his "Abenomics" mix of massive monetary stimulus, spending and
reforms, and is unwelcome news for an already shaky global
economy."
A recession is technically defined as two consecutive quarters
of negative economic growth.
Means even more money printing all over the world. Stocks market
will appreciate it. The worse the economy, the better for
stockholders. Suppose that will change at some point but probably
not this time of season...
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Japan GDP Worse Than Expected, Enters Recession
Posted by steve on 17th of Nov 2014 at 08:26 am
Japan released preliminary GDP numbers Monday for the third quarter indicating the country has entered a recession.
Third quarter Seasonally Adjusted GDP was down 0.4 percent quarter over quarter, while economists were expecting a 0.5 percent gain.
Q2 GDP was revised lower from 1.9 percent to 1.8 percent.
A Reuters report calculated the new data as showing GDP shrinking by 1.6 percent on an annualized basis for the July to September period.
The report commented that the "recession comes nearly two years after Abe returned to power promising to revive the economy with his "Abenomics" mix of massive monetary stimulus, spending and reforms, and is unwelcome news for an already shaky global economy."
A recession is technically defined as two consecutive quarters of negative economic growth.
Means even more money printing
Posted by zwyss on 17th of Nov 2014 at 08:43 am
Means even more money printing all over the world. Stocks market will appreciate it. The worse the economy, the better for stockholders. Suppose that will change at some point but probably not this time of season...