OECD: Japan’s GDP Growth At 0.8% This Year

The Organization for Economic Cooperation and Development said that, because of the earthquake and tsunami that devastated parts of the country, growth in Japan’s gross domestic product (GDP) will slow to 0.8 % through 2011. According to the OEDC, the disaster in March 11 brought massive economic problems to the Asian country, Japan’s official damage estimating between 3.3 % and 5.2 % of 2010 GDP. The damage to capital stock,… Read More...