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已有 123 次阅读 2013-04-26 20:18 标签: buy toms

f developing economies would offer more opportunities for developed economies to recover. Justin Yifu Lin, the World Bank's chief economist, recently repeated his call for a coordinated global stimulus to get the world economy out of deep recession. Developed economies mired in downturns should not close their doors for self-protection, urged Lin. Rather, they should try to help emerging economies expand their domestic demand to speed up world economic recovery. From that perspective, the Buy American provisions in the U.S. stimulus package are no doubt short-sighted BEIJING, Feb. 17 Xinhua -- Japan's economy shrank at its fastest pace in nearly 35 years in the fourth quarter of 2008, joining other major advanced economies in sliding further into recession. Japan, which is largely driven by exports,buy toms shoes, suffered a loss of 12.7 percent in its gross domestic product GDP in the October-December period last year, a government report said Monday, blaming the worsening situation on plunging external demand, rapid deceleration of the world economy and a stronger yen. Earlier in October, Japanese Prime Minister Taro Aso had unveiled a 27 trillion yen 275 billion U.S,cheap toms. dollars stimulus package to bolster the world's second largest economy. In December, Japan's central bank cut its key interest rate to 0.1 percent, lowering borrowing rates to nearly zero, and adopted new measures to pour more money into the banking system to shake off a widening credit crunch. A man walks past a shop advertising a sale in Tokyo Jan. 30, 2009. The world's second largest economy is in the midst of its first recession in seven years as the global economic slowdown sharply reduced demand overseas for cars, electronics and other key exports. These moves in some way helped promote internal demand, but were not enough to instantly pull the export-driven economy out of recession as international demand for made-in-Japan continues to shrink amid the spiraling global economic crisis. However, Japan is only part of a gloomy global picture. Recent data indicates that the major advanced economies of the world are slipping further into recession despite governments' efforts to stimulate growth. In the United States, the economy plummeted at an annualized rate of 3.8 percent in the fourth quarter of 2008, the worst since 1982, the U.S. Commerce Department said. According to the country's Institute for Supply Management, economic activity in the U.S. manufacturing sector failed to grow in January for the 12th consecutive month. Meanwhile, consumer spending, which accounts for two-thirds of overall U.S. economic activity, recorded an unprecedented six-monthly decline last December, indicating that the economy has yet to hit bottom. The government's newly passed 787 billion dollar stimulus plan, which U.S. President Barack Obama described as a major milestone on our road to recovery,cheap toms, is yet to be tested for effectiveness, and presidential aides have warned consumers not to expect instant miracles. Further, the Wall Street Journal quoted economists as forecasRelated articles:

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