IMF report on Japan projects GDP to fall by 6% in 2009; Inflation is projected to remain negative until 2011
Jul 16th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The IMF in a report on Japan projects GDP to fall by 6% in 2009, before expanding by 1¾% in 2010. The Fund says a sustained recovery will likely emerge during the course of 2010 but will hinge critically on improvement in overseas lending conditions and trade. Inflation is projected to remain negative until 2011.