Invest Intelligence When It Realy Matters
Japan Entering Recession
Over the past few months I have been discussing my view that Wall Street analysts and economists, and global economic consortiums such as the IMF have been underestimating the impact of the earthquakes, tsunami and nuclear meltdown in Japan, as well the spillover effect throughout the globe.
I have been stating that Japan's GDP will come in significantly lower than has been reported.
In the June issue of the Intelligent Investor, I reiterated this view.
Below are GDP forecasts for Japan from the IMF released just a couple of months ago.