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Mittwoch, 1. April 2009

Asian Data Highlights Severity of Economic Crisis

As world leaders assemble in London for the Group of 20 summit this week, the latest evidence of the severity of the economic crisis emerged from Asia on Wednesday, with business confidence in Japan plummeting to a record low, South Korean exports falling for a fifth consecutive month and manufacturing conditions deteriorating in China. By BETTINA WASSENER Published: March 31, 2009 HONG KONG — The data from three of Asia’s largest economies underscored a picture of slumping exports and production and hammered home the point that despite some recent tentative signs that the situation may at least have stopped worsening in some parts of the world, the global economy remains in the middle of the worst downturn in decades. ... more details in NYT -->

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