Government downgrades economic assessment second straight month

Oct 21, 2014

Government downgrades economic assessment second straight month

The government on Tuesday downgraded its assessment of the economy for the second straight month, as the consumption tax hike in April continued to hit consumer spending and industrial production. “The Japanese economy is on a moderate recovery, while weakness can be seen recently,” ...

Oct 8, 2014

IMF slashes economic growth projection for Japan

The International Monetary Fund on Tuesday slashed its projection for Japan’s economic growth by the most of any developed country, while also cutting its growth estimate for the global economy in view of mounting geopolitical tensions. In its semiannual World Economic Outlook report, the ...

S&P downgrades France; eurozone recovery clouded

Nov 8, 2013

S&P downgrades France; eurozone recovery clouded

France, and the eurozone’s fragile recovery, were thrown on the back foot Friday when rating agency Standard & Poor’s downgraded French debt by one notch, but the government reacted with defiance. S&P said in strong terms that high debt, taxes and unemployment were squeezing ...