Breaking News English

Japan has slipped backbydownforinintoofonoverto into recession, leaving financial analysts to ponder backbydownforinintoofonoverto the implications backbydownforinintoofonoverto the global economy. Japan's economy unexpectedly shrank backbydownforinintoofonoverto the second consecutive quarter. Two successive negative quarters officially puts a country backbydownforinintoofonoverto recession. The slide backbydownforinintoofonoverto the last quarter has taken economists backbydownforinintoofonoverto surprise. Figures indicated that Japan's economy would grow backbydownforinintoofonoverto 2.1 per cent backbydownforinintoofonoverto the last quarter. Instead, gross domestic product (GDP) fell backbydownforinintoofonoverto 1.6 per cent between July and September. Many economists attribute the fall backbydownforinintoofonoverto April's increase backbydownforinintoofonoverto sales tax from five to eight per cent. Many Japanese consumers have tightened their purse strings and are simply not spending.

World leaders are worried that Japan's slide back backbydownforinintoofonoverto recession could be ominous backbydownforinintoofonoverto the global economy. British leader David Cameron said the world was backbydownforinintoofonoverto the brink backbydownforinintoofonoverto a second economic disaster. He told reporters he saw "red warning lights" backbydownforinintoofonoverto the global economy because backbydownforinintoofonoverto international "instability and uncertainty" and a slowing backbydownforinintoofonoverto growth backbydownforinintoofonoverto emerging markets, especially Brazil and China. Mr Cameron said the problems were "plain to see". He added: "The Eurozone is teetering backbydownforinintoofonoverto the brink backbydownforinintoofonoverto a possible third recession, with high unemployment, falling growth and the real risk backbydownforinintoofonoverto falling prices. Emerging markets, which were the driver backbydownforinintoofonoverto growth backbydownforinintoofonoverto the early stages of the recovery, are now slowing backbydownforinintoofonoverto."