IMF sees U.S., Japan economies contracting in 2009

Friday 07th November, 04:06 AM JST

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5 Comments

some14some at 07:30 AM JST - 7th November

from the size of this article it seems contraction will be larger than IMF's prediction.
shonanbb at 02:47 PM JST - 7th November

WOW...who would have figured that? What about the rest of the world? Same thing?
1eyedjack at 04:41 PM JST - 7th November

"The U.S. economy will suffer, as households respond to depreciating real and financial assets and tightening financial conditions...In Japan, the support to growth from net exports is expected to decline"

The obvious solution then is for Japan to start importing from the USA ! Keeping American factories open with large scale orders for Japan while Japan in turn creates a new and dynamic domestic market seems to be a no brainer. Why oh why does Japan continue to ignore this obvious, simplistic, and guaranteed solution ?
rajakumar at 05:55 AM JST - 14th November

US,Japan,EU economies will contract by 0.3 percent 2009 . 99.7 percent of US/Japan/EU still working and as good as ever.

The contraction will be temporary,more businesses will be moving more to developing nations in search of contraction stop and to make up for loss of business growth.

Still plenty of growth needed is many nations of developing world.

This contraction will be expand expansions in developing and growing nations. It is really good news for the developing world,who will see bigger interest by expansion seeking companies from US/Japan/EU.

The drop in assets/prices will make costs get lower and improve exports competitiveness in long run as compared with china/asian products.
rajakumar at 05:57 AM JST - 14th November

correction-This contraction will expand expansions in developing and growing nations.