ID :
173328
Tue, 04/05/2011 - 20:02
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Shortlink :
https://oananews.org//node/173328
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Japan's April-June growth may be cut by up to 1.4% points: OECD
LONDON, April 5 Kyodo -
The organization for Economic Cooperation and Development said Tuesday the growth of the Japanese economy may be pushed down by up to 1.4 percentage points in the April-June quarter in the wake of the catastrophic March 11 earthquake and ensuing tsunami.
The growth of Japan's gross domestic product may have been reduced between 0.2 and 0.6 point in the January-March period and by somewhere between 0.5 point and 1.4 points in the following quarter, the OECD said in its outlook for economic growth in the Group of Seven major economies.
The OECD declined to forecast Japan's economic growth rate on the grounds that it is too early to determine the full effect of the natural disaster.
The cost of physical damage from the disaster and nuclear accident may equal 3.3 to 5.2 percent of Japan's GDP, it added.
Six other major economies -- Britain, Canada, France, Germany, Italy and the United States -- appear to be getting on a self-sustaining recovery track, the OECD said, projecting a growth rate of 3.2 percent for them in the January-March period and 2.9 percent in the April-June period.
The organization for Economic Cooperation and Development said Tuesday the growth of the Japanese economy may be pushed down by up to 1.4 percentage points in the April-June quarter in the wake of the catastrophic March 11 earthquake and ensuing tsunami.
The growth of Japan's gross domestic product may have been reduced between 0.2 and 0.6 point in the January-March period and by somewhere between 0.5 point and 1.4 points in the following quarter, the OECD said in its outlook for economic growth in the Group of Seven major economies.
The OECD declined to forecast Japan's economic growth rate on the grounds that it is too early to determine the full effect of the natural disaster.
The cost of physical damage from the disaster and nuclear accident may equal 3.3 to 5.2 percent of Japan's GDP, it added.
Six other major economies -- Britain, Canada, France, Germany, Italy and the United States -- appear to be getting on a self-sustaining recovery track, the OECD said, projecting a growth rate of 3.2 percent for them in the January-March period and 2.9 percent in the April-June period.
