The world’s second biggest economy is into deep trouble. Japan’s exports have plummetted to a record 27% from last year. This means that Japanese production slowed down significantly. Either that or demand for Japanese products really dropped. But one thing is for sure, Japan, which is in recession, is likely to experience more economic inactivity as production facilities are being closed and workers are being laid off. Sounds very familiar with the situation back in the United States. It then appears that the world’s largest economies are failing. However, there is a wide belief that after this crisis the economies of the industrialized countries will revive. That is, the current economic failures shall serve to fix the current complexities in the world market. After the dusts have settled, a new world economic order will definitely surface.

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Posted by Jones on December 29th, 2008 :: Filed under $$$ CRISIS, SIMPLY SCANDALOUS, Uncategorized
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