2iC Australia
2iC Australia Pty Ltd is a company built on inspiration, innovation and a drive for excellence in service, providing...
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Spot Prices
| USD/EUR | 0.7861 | -0.14 % |
| Pound / Dollar | 0.6511 | 0.51 % |
| Rand / Dollar | 7.1743 | -0.29 % |
| Brent Crude Oil | 77.54 | -0.14 % |
| GOLD | 1244.15 | 0 % |
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MiningNe.ws team
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Japan's economy in quarterly dive
Published Date: Mon, 16 Feb 2009 07:09:53 GMT
Source : http://news.bbc.co.uk
Japan's economy contracted by 3.3% in the last quarter of last year - its worst showing since the oil crisis of the 1970s, official figures show. The contraction means the economy shrank at an annual pace of 12.7% during the October to December period. Economic Minister Kaoru Yosano said Japan faced its worst economic crisis since the end of World War II. The slowdown in the world's second-biggest economy is steeper than that being experienced in the US or Europe.
