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All posts tagged "Contraction"

Eurozone economy 'goes into reverse'

Eurozone economy 'goes into reverse'

The eurozone economy flipped into reverse in September, falling to its worst level in more than two years, a closely-watched survey showed on Wednesday.

Japan overtaken by China as No. 2 economy

Japan overtaken by China as No. 2 economy

TOKYO – Japan lost its 42-year ranking as the world's second-biggest economy to China in 2010, with data on Monday showing a contraction in the last quarter due to weak consumer spending and a strong yen.